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Wall Street drops despite ECB move as earnings disappoint

Traders work on the floor of the New York Stock Exchange  Wall Street drops despite ECB move as earnings disappoint 2015 01 22T151350Z 1 LYNXMPEB0L0S1 RTROPTP 2 MARKETS STOCKSBy Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks fell modestly on Thursday after the European Central Bank announced expanded measures to stimulate the region's sagging economy, as expected, while shares of some bellwether U.S. companies fell on disappointing results. The ECB will buy 60 billion euros worth of assets per month, more than expected, in a program that will last through September 2016. "The news was widely anticipated and built into the market, and if anything, the fact that more bonds will be bought than expected could just mean that conditions are worse than we thought," said Rex Macey, chief allocation officer at Wilmington Trust Investment Advisors in Atlanta, Georgia.


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