US markets rose broadly on Wednesday as investors on Wall Street were strengthened in the belief that the European Central Bank (ECB) will launch a large-scale acquisition program for bonds.
The Dow Jones ended the day up 0.22 percent to 17,554.28, the Nasdaq rose 0.27 percent to 4,667.42, while the S & amp; P 500 gained 0.47 percent to 2032.12.
According to CNBC reports several news services Wednesday the board of the ECB has proposed to buy bonds for about 50 billion euros monthly, in a quantitative relief program that will last at least one year.
– It provides 600 billion euros, which is north of expectations. If the source is credible, it is enough that markets react positively; buy the rumor and sell the news, says chief strategist Art Hogan in Wunderlich Securities CNBC.
Of individual stocks that rose today, we note us Netflix, which gained a whole 17.34 percent after the company presented better quarterly than expected after closing on the stock exchange on Tuesday.
We also note UnitedHealth Group, which rose 3.5 percent in Q4 figures that were better than expected.
IBM fell otherwise 3 , 1 percent on lukewarm outlook, weaker than expected top line, but better bottom line than expected.
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