U.S. Stocks Top Closing Records as Japan Boosts Stimulus U.S. stocks jumped, with benchmark indexes topping all-time highs on a closing basis, as an unexpected boost in stimulus from the Bank of Japan spurred optimism in the global economy. LinkedIn Corp. rose 12 percent after third-quarter sales exceeded estimates. GoPro Inc. jumped 14 percent after its prediction for fourth-quarter profit surpassed analysts’ projections. Starbucks Corp. (SBUX) fell 2.5 percent after posting disappointing quarterly revenue. The Standard & Poor’s 500 Index advanced 1.1 percent to 2,015.68 at 11:08 a.m. in New York, above its all-time closing high of 2,011.36 on Sept. 18. The Dow Jones Industrial Average rallied 187.75 points, or 1.1 percent, to 17,383.17, also an all-time high. The Nasdaq Composite Index surged 1.4 percent to the highest since March 2000. Read more at Bloomberg News
Posted on: Fri, 31 Oct 2014 19:20:00 +0000
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