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Dow Gains 221 Points Thanks to Visa Surging 10.5%

By: , dated October 30th, 2014
Stocks end the day in the green. Dow partially owes its 221 point gain to Visa (V), who surged 10.5% today after posting a better-than-expected quarterly earnings report. Visa posted a Q3 EPS of $2.18, slightly above the $2.10 forecast. The U.S. economy grew much faster than expected in Q3. GDP expanded at a seasonally adjusted rate of 3.5%, slightly higher than 3% that was expected. Economics report that federal government spending along with an uptick in exports drove growth in Q3.

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