Dow Ends Day Up 320

Nasdaq, S&P 500 also up
By Newser Editors and Wire Services
Posted Oct 22, 2015 3:13 PM CDT
Trader Jonathan Niles, center, works on the floor of the New York Stock Exchange, Thursday, Oct. 22, 2015. Stocks are moving higher in early trading after some encouraging results from McDonald's, eBay...   (Richard Drew)
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(Newser) – Stocks are closing sharply higher after some encouraging results from McDonald's, eBay and other companies. The Dow Jones industrial average climbed 320 points, or 1.9%, to 17,489 Thursday. The Standard & Poor's 500 index increased 33 points, or 1.7%, to 2,052. The Nasdaq composite rose 79 points, or 1.7%, to 4,920.

European stocks also rose Thursday after the head of the European Central Bank said a stimulus program could be expanded in December. The euro fell against the dollar. In the US, eBay jumped 14% after reporting results that were well ahead of what analysts were expecting. McDonald's gained 8% after reporting sales gains. American Express sank 5% after its results fell short of forecasts.

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