Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

US STOCKS SNAPSHOT-S&P, Nasdaq jump 1 pct after GDP, earnings

Published 10/29/2009, 10:15 AM
Updated 10/29/2009, 10:18 AM
MSI
-

NEW YORK, Oct 29 (Reuters) - U.S. stocks gained on Thursday, with the S&P 500 and Nasdaq indexes rising more than 1 percent, after data showed the U.S. economy grew faster than expected in the last quarter, soothing recent jitters about the strength of the recovery.

* Corporate earnings that topped expectations also buoyed the market, including results from Motorola Inc and Procter & Gamble Co.

* The first estimate of third-quarter gross domestic product showed the U.S. economy grew for the first time in a year, unofficially ending the worst recession in 70 years.

* The Dow Jones industrial average rose 90.31 points, or 0.93 percent, to 9,853.00. The Standard & Poor's 500 Index gained 12.33 points, or 1.18 percent, to 1,054.96. The Nasdaq Composite Index put on 25.71 points, or 1.25 percent, to 2,085.32.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.