Stocks up on GDP, earnings | New Hampshire Business
The Dow was up overover 150points and hit to an intraday record of 17,381. The S&P 500 added 19 points, or 1%, touching a record 2,015 and the Nasdaq surged 62 points, or blog url 1.4%. These gains pad returns for what has been a very choppyOctober, with markets roiled over volatility amidconcernsabout Ebola, ISIS and sluggish global growth. Japans Nikkei rallied almost 5% after the BoJ upped the size of its annual asset-buying program to 80 trillion yen (more than $700 billion).
Analysts cited mutual funds purchases of the best performing stocks for the run in those sectors, as funds close their books for the year at the end of this month. Healthcare and utilities are both up nearly 20 percent year-to-date. Healthcare also got a boost by Bristol-Myers Squibb, up 8.9 percent to $58.98 after results from an experimental clinical trial on a lung cancer drug were encouraging. Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations.
Stocks Rally, Finish Week Higher as Bank of Japan Raises Stimulus Program – NASDAQ.com
After voting to add another trillion yen to the Japanese economy to battle lingering deflationary pressures, Japan’s central bank kicked off a global equity rally that fueled a near 5% gain in the Nikkei and a roughly 2% gain across Europe. The rally spilled into the U.S. where equities were already poised for a positive end to a tumultuous week thanks to upbeat earnings from Exxon Mobile ( XOM ), GoPro ( GPRO ), and LinkedIn ( LNKD ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
STOCKS FALL AFTER THE FED ENDS QE: Here’s What You Need To Know – Yahoo Finance
Energy, semiconductor, and trucking stocks has also come under pressure on the day, with energy stocks moving lower along with the price of crude oil. Other Markets In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Thursday. Japan’s Nikkei 225 Index advanced by 0.7 percent, while Hong Kong’s Hang Seng Index fell by 0.5 percent. The major European markets have all turned higher over the course of the session.
Stocks Experiencing Choppy Trading, Dow Boosted By Visa – U.S. Commentary – NASDAQ.com
In an email following the Fed’s announcement, Chris Rupkey, chief financial economist at MUFG, said he thinks the Fed could raise rates sooner than expected given the strength in the labor market. 2. Following the announcement, markets sold off, but regained most of those losses and finished slightly lower on the day. The dollar, however, staged a big rally after the announcement, gaining against the yen, the euro, and the pound. 3. In stock news, Facebook was a big loser on Wednesday, falling more than 6% after saying on its Tuesday earnings conference call that 2015 would be a year of investment for the company with expenses expected to rise 50%-70% during the year.