STOCKS RISE: Here's what you need to know

Stocks rebounded from Wednesday’s drop as companies including Ford and DowDuPont beat on earnings.

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%)
  1. 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.
  2. 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%.
  3. 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.
  4. 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.

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