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Ukraine deal lifts US stocks Ukraine deal lifts US stocks
(about 7 hours later)
(Open): US stocks rose in early trade with sentiment lifted by news of an agreement on a ceasefire and withdrawal of heavy weapons in eastern Ukraine. (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 to a record low of -0.1% and start quantitative easing. Investors were also boosted by Sweden's decision to cut interest rates and start quantitative easing.
The Dow Jones rose 38.86 points to 17,901. The Dow Jones rose 110.24 points to close at 17,972.38.
The broader S&P 500 climbed 9.25 points to 2,068.53, while the Nasdaq rose 30.45 points to 4,831.63. 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 20% after the travel review website reported a big rise in fourth quarter revenues, up 35% to $288m. 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 10.8% after it agreed to buy rival Orbitz Worldwide for $1.38bn. Orbitz shares jumped by 20% on the news. 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 6.2% after Costco stopped accepting its cards in the US. American Express shares fell by 6.4% after Costco stopped accepting its cards in the US.
Cisco Systems jumped 8.6% 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. 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.