Business Standard

S&P nears 2000 as Wall Street rallies, Visa boosts Dow

Visa shares rise 10% on upbeat earnings

Reuters New York

US stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which rose 10% and accounted for more than 140 points in the Dow industrials.

The Dow Jones industrial average rose 221.24 points, or 1.3%, to 17,195.55, the S&P 500 gained 12.33 points, or 0.62%, to 1,994.63 and the Nasdaq Composite added 16.91 points, or 0.37%, to 4,566.14.

Healthcare and utilities, both up nearly 20% year-to-date, led gains on the S&P 500.

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First Published: Oct 31 2014 | 1:51 AM IST

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