Stocks Slip on ECB Inaction; American Express Surges on Earnings

U.S. stocks moved lower Thursday amid inaction from the European Central Bank. The ECB left benchmark interest rates steady and maintained its 80 billion euro a month bond purchase program, which is set to end in March of 2017. Though analysts expect the program to be extended. American Express (AXP) - Get Report shares were surging after reporting earnings of $1.20 a share, beating estimates of $0.97. Revenue of $7.7 billion matched estimates. The credit card giant also raised its full year earnings guidance. eBay (EBAY) - Get Report shares were in focus after reporting fourth quarter guidance that missed analysts' expectations. The company now expects adjusted earnings per share between $0.52 and $0.54, while analysts had expected $0.54. TheStreet's Scott Gamm reports from Wall Street.