**PLEASE NOTE THIS IS A PRESENTED MARKET REPORT**

Thomson Reuters Journalist Sasha Salama says ECB Stimulus and American Express job cuts result in volatile trading.

SHOWS: NEW YORK, USA (JANUARY 22, 2015) (REUTERS - ACCESS ALL)

1. THOMSON REUTERS, JOURNALIST, SASHA SALAMA, SAYING:

Trading was volatile on Wall Street Thursday morning. Some investors bid up stocks in the wake of the expected European Central Bank economic stimulus announcement. Others sold off stocks following some disappointing corporate results.

Shares of Verizon Communications fell nearly 3%, weighing down the entire telecom sector. The company reported a loss in the fourth quarter, hurt by pension and severance costs.

Shares of American Express gave back more than 3%. The credit card company said it would cut 4,000 jobs later this year as expenses rise, mainly driven by marketing costs and higher salaries. Also, American Express had to set aside more money to cover potential bad loans.

F5 Networks slid more than 12%. The network equipment maker reported revenue that missed expectations for the first time in eight quarters. It also forecast current-quarter revenue and profit below market estimates.

Travelers shares gained about 1.5%. The property casualty insurer reported better than expected quarterly profits.