Thursday 30 January 2014

Wall Street bounces back after data; Facebook jumps

New York: Wall Street rebounded at the open on Thursday from the previous session's decline after data showed robust household spending and rising exports helped the US economy to grow 3.2 per cent in the fourth quarter.

The Dow Jones industrial average rose 79.89 points, or 0.51 per cent, to 15,818.68.

The S&P 500 gained 9.43 points, or 0.53 per cent, to 1,783.63.

The Nasdaq Composite added 47.025 points, or 1.16 per cent, to 4,098.459.

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