Here’s the scoreboard:
- Dow: 23,421.90 +92.44 (0.40%)
- S&P 500: 2,561.94 +4.79 (0.19%)
- Nasdaq: 6,561.19 -2.70 (-0.04%)
- The European Central Bank said it will further taper its bond-buying programme but extended quantitative easing until at least September 2018, as had been widely forecast prior to the decision. From January, the ECB will reduce its bond-buying to €30 billion per month, down from €60 billion per month.
- Twitter slightly beat Wall Street’s expectations for its third-quarter earnings but reported that it had overstated monthly users since late 2014. The company said that with cost-cutting measures, it expects to turn a profit in the fourth quarter. Its stock surged 18%. Its stock surged 18%.
- The House passed the Senate’s budget resolution on Thursday by a vote of 216 to 212. It was the last procedural step before the GOP can move to fast-track tax-reform legislation that’s expected to be unveiled next week.
- Ford on Thursday reported third-quarter earnings that topped analysts’ expectations, and raised the lower end of its 2017 guidance. The company said profits were “driven by North America and a record 3Q pre-tax profit in Asia Pacific.