Stocks Rise On Bullish Economic Outlook

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Investors are still a little uneasy though as to how the economy will fare, now that the Fed has officially ended its quantitative easing program

All the major indexes closed higher today as stocks jumped up across the board on fresh signs the economy is growing stronger, signaled by a positive GDP report. The Dow added 1.3%, the S&P 500 rose 0.6% and the Nasdaq finished up 0.4%. Investors are still a little uneasy though as to how the economy will fare, now that the Fed has officially ended its quantitative easing program

Visa had a big impact on the Dow’s upward movement today as shares surged more than 10.2% following its earnings report that topped analyst expectations.

In tech, it seems the latest trend is earnings reports that disappoint or slowed growth forecast. We have already seen Facebook (FB) and Twitter (TWTR) post sub-par earnings reports. Today, LinkedIn (LNKD) posted earnings that beat expectations, however their updated fourth-quarter revenue forecast showed slowing growth and the stock fell 5%.

And finally, in auto news, both Chrysler (FCAU) and Ford (F) are in the dog house as they have to initiate massive recalls: 503,000 recalls for Chrysler and 205,000 for Ford. Careful on the road everyone!

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