Friday, October 31st10.4°C
23888
23488

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




Recent Trending




Today's Market
S&P TSX14613.32+154.63
S&P CDNX769.59-2.06
DJIA17390.52195.10
Nasdaq4630.742+64.604
S&P 5002018.05+23.40
CDN Dollar0.8876-0.0058
Gold1173.50-25.10
Oil80.45-0.45
Lumber325.70+2.10
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.125+0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.18+0.03
Cantex0.045-0.015
Anavex Life Sciences0.185+0.0139
Metalex Ventures0.03-0.005
Russel Metals32.85+0.63
Copper Mountain Mining2.09+0.12
Colorado Resources0.125-0.015
ReliaBrand Inc0.015+0.003
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.39+0.015

 





FEATURED Property
2014505BEAUTIFUL PROPERTY FOR SALE IN SUNNY OKANAGAN, BRITISH COLUMBIA
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22632