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.

Word on the Street

Interesting Tidbits

This article was brought to you by the InvestorGuide Staff Writers and Editors.

Copyrighted by All rights reserved.

Leave a Reply