Expectations that the European Central Bank would announce a new stimulus plan tomorrow lifted the markets to a higher close with the Dow gaining 39 points to 17,554. Nasdaq rose 12 points to 4,667.
On the upside
Advanced Micro Devices (Nasdaq: AMD) fell to a loss for the fourth quarter but the stock price rose.
Bloomberg reported that Google (Nasdaq: GOOG) planned to sell mobile phone service that use Sprint's (NYSE: S) and T-Mobile's (NYSE: TMUS) wireless networks.
SiriusXM (Nasdaq: SIRI) will offer full coverage of the 2015 Honda NHL All-Star Weekend games.
On the downside
A California court ruled against Acacia Research (Nasdaq: ACTG) in a patent infringement suit.
Profit taking sank shares of Frontline (NYSE: FRO).
Intrexon (NYSE: XON) will offer up to $150 million worth of its common stock.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 9 points to 2032. Bitcoin climbed $11 to $221.
ECB stimulus hopes lift markets
January 21, 2015 at 16:35 PM EST