30 Jan 2014
Wall Street jumps amid US data and earnings
FXstreet.com (San Francisco) - US stocks market closed Thursday with a positive note as investors' confidence was fueled by a decent US GDP and upbeat earning reports. S&P and Nasdaq recovered all Wednesday's losses.
Facebook reported stronger than expected quarterly earnings while Google Inc rallied following the announcement the Mountain View giant will sell it Motorola mobile-phone business for $2.91 billion to Lenovo Group.
The solid reading from the US Annualized GDP in Q4 2013 (3.2%) helped the Dow and the S&P to perform its best day since December 18.
The DowJones advanced 109.82 points or 0.70% to finish at 15,848.61; the S&P 500 added 19.99 pts or 1.13% to 1,794.19; and the Nasdaq climbed 71.69 pts or 1.77% to end the session at 4,123.12.
Facebook reported stronger than expected quarterly earnings while Google Inc rallied following the announcement the Mountain View giant will sell it Motorola mobile-phone business for $2.91 billion to Lenovo Group.
The solid reading from the US Annualized GDP in Q4 2013 (3.2%) helped the Dow and the S&P to perform its best day since December 18.
The DowJones advanced 109.82 points or 0.70% to finish at 15,848.61; the S&P 500 added 19.99 pts or 1.13% to 1,794.19; and the Nasdaq climbed 71.69 pts or 1.77% to end the session at 4,123.12.