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Ukraine deal lifts US stocks | Ukraine deal lifts US stocks |
(about 7 hours later) | |
(Close): US stocks closed higher on Thursday, with investor sentiment lifted by news of an agreement on a ceasefire and withdrawal of heavy weapons in eastern Ukraine. | |
Investors were also boosted by Sweden's decision to cut interest rates and start quantitative easing. | |
The Dow Jones rose 110.24 points to close at 17,972.38. | |
The broader S&P 500 climbed 19.95 points to 2,088.48, while the Nasdaq rose 56.43 points to 4,857.61. | |
Among individual shares, Tripadvisor leapt nearly 22.5% after the travel review website reported a big rise in fourth quarter revenues, up 35% to $288m. | |
Shares in travel website Expedia rose 14.5% after it agreed to buy rival Orbitz Worldwide for $1.38bn. Orbitz shares jumped by 22% on the news. | |
"We are attracted to the Orbitz Worldwide business because of its strong brands and impressive team," said Expedia chief executive Dara Khosrowshahi. | "We are attracted to the Orbitz Worldwide business because of its strong brands and impressive team," said Expedia chief executive Dara Khosrowshahi. |
American Express shares fell by 6.4% after Costco stopped accepting its cards in the US. | |
Cisco Systems jumped 9.4% after reporting stronger-than-expected profits. Quarterly net profit rose to $2.4bn from $1.43bn a year earlier, with revenue up 7% to $11.94bn. |