US stocks rise, helped by Facebook, US GDP

Published on NewsOK Modified: January 30, 2014 at 8:50 am •  Published: January 30, 2014

NEW YORK (AP) — U.S. stocks are rising in early trading, helped by strong earnings from Facebook and a report that the U.S. economy grew at an annual rate of 3.2 percent in the fourth quarter.

Major U.S. indexes on Thursday began recovering from steep declines the day before. The Dow Jones industrial average rose 72 points, or 0.5 percent, to 15,811 five minutes after the market opened. The Standard & Poor's 500 index climbed 14 points, or 0.8 percent, to 1,789. The Nasdaq jumped 50 points, or 0.6 percent, to 4,102.

Facebook rose $8.26, or 15 percent, to $61.79. The social media company reported results late Thursday that beat expectations.

A report showed the U.S. economy grew at a 3.2 percent annual rate in the final three months of 2013, a positive sign.


Trending Now


  1. 1
    Dave Chappelle Reveals Shockingly Buff New Look
  2. 2
    Peaches Geldof Funeral to Be Held on Easter Monday
  3. 3
    Mayor Who Fired Lesbian Police Chief Caught On Tape In Homophobic Tirade
  4. 4
    NBA commissioner wants to raise age limit to 20
  5. 5
    Dream guitars I wouldn't mind calling my own (34 Photos)
+ show more