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U.S. Stock Indexes Up After Announcement of European Central Bank Bond-Buying Program

By: , dated January 22nd, 2015

After a series of relatively small gains, U.S. stocks shot up today with the Dow soaring 260 points. The announcement of the European Central Bank launching a bond-buying program sent U.S. stock indexes up 1.5%, to finish their fourth straight day in the green. Lower oil prices are proving to be extremely beneficial to airlines. Southwest (LUV) shares were up as high as 8% today after the air carrier reported better-than-expected fourth quarter results due to falling oil prices and a boost in passenger traffic.

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