The European Central Bank maintained interest rates at historic lows sending the markets soaring to a sharply higher open with the Dow leaping 214 points to 17,382. Nasdaq jumped 67 points to 4,907.
On the upside
eBay (Nasdaq: EBAY) reported higher third quarter earnings that topped analyst estimates.
Oclaro (Nasdaq: OCLR) reported preliminary first quarter revenue above its previous guidance.
Texas Instruments (Nasdaq: TXN) reported better than expected third quarter earnings and revenue.
On the downside
Community Health Systems (NYSE: CYH) warned that third quarter earnings and revenue would fall short of expectations.
Envision Healthcare (NYSE: EVHC) disappointed with sharply lower third quarter earnings that missed expectations and cut its full year earnings outlook.
BMO Capital Markets Valeant Pharmaceuticals (NYSE: VRX) from an Outperform rating to a Market Perform rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 soared 21 points to 2,040. Bitcoin gained $5 to $271.
ECB maintains record low rates, markets soar
October 22, 2015 at 10:45 AM EDT
