Friday, Jul 29, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stocks rebound, helped by robust growth in U.S.

NEW YORK — The stock market had its best day in six weeks after the government reported strong growth in the U.S. economy and several companies posted earnings gains.

Technology stocks were among the biggest winners today. Facebook soared after reporting higher advertising revenue.

The Dow Jones industrial average rose 109 points, or 0.7 percent, to close at 15,848.

The Standard & Poor’s 500 index climbed 20 points, or 1.1 percent, to 1,794, its best day since Dec. 18.

The Nasdaq composite, heavily weighted with tech stocks, jumped 71 points, or 1.8 percent, to 4,123.

Facebook rose $7.55, or 14 percent, to $61.08. Its results were better than investors were expecting thanks to strong growth in mobile advertising revenue.

Three stocks rose for every one that fell on the New York Stock Exchange.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…