Thursday, July 24th13.4°C
21452

US stocks move higher, breaking a losing streak; Facebook jumps 15 per cent

NEW YORK, N.Y. - Stocks are higher on Wall Street after the government reported strong growth in the U.S. economy and Facebook had a big earnings gain.

The market was recovering from a steep decline the day before.

The Dow Jones industrial average rose 149 points, or 1 per cent, to 15,888 as of noon (1700 GMT) Thursday.

The Standard & Poor's 500 index climbed 22 points, or 1.3 per cent, to 1,796. The Nasdaq jumped 80 points, or 2 per cent, to 4,131.

Facebook rose $8.51, or 16 per cent, to $62.05. The social media company reported results late Wednesday that were better than investors were expecting, thanks partly to growth in mobile advertising revenue.

The government reported that the U.S. economy grew at a 3.2 per cent annual rate in the final three months of last year.

The Canadian Press


Read more Business News

21411


Recent Trending




Today's Market
S&P TSX15394.45+0.07
S&P CDNX1011.65-0.58
DJIA17083.80-2.83
Nasdaq4472.107-1.59
S&P 5001987.98+0.97
CDN Dollar0.9310+0.0003
Gold1297.50-7.00
Oil104.30-0.29
Lumber325.50-0.30
Natural Gas3.846-0.001

 
Okanagan Companies
Pacific Safety0.200.00
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.02
Cantex0.08+0.02
Anavex Life Sciences0.28-0.045
Metalex Ventures0.08+0.01
Russel Metals35.57-0.08
Copper Mountain Mining2.82+0.06
Colorado Resources0.205-0.01
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.19+0.01

 



21723

FEATURED Property
14532663108 Dunster
10078380 bedrooms
$2,495,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22685