mostlycloudy
Tuesday June 30th, 2015 12:51PM

Stocks rebound; Dow up 109

By The Associated Press
NEW YORK (AP) -- 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 Thursday. 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.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 5 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 5 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 5 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 5 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 5 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 5 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 5 months ago )
Local/State News
Boosting overtime: Obama calls for broader coverage
WASHINGTON (AP) — They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many...
12:36PM ( 15 minutes ago )
US stocks edge higher on speculation of a late Greek deal
NEW YORK (AP) — U.S. stocks are edging higher in midday trading as investors hope for a last-minute deal on Greece's debt crisis.The slight gains Tuesday came a day after U.S. markets had their bigges...
11:55AM ( 55 minutes ago )
Consumer confidence index climbs to 101.4 in June
WASHINGTON (AP) — Consumer confidence showed a solid gain in June following a modest increase in May, supporting the view that strong job gains are giving a boost to the overall economy.The Conference...
11:48AM ( 1 hour ago )
Christie opens 2016 campaign, long climb ahead
LIVINGSTON, N.J. (AP) — New Jersey Gov. Chris Christie opened his 2016 campaign for president Tuesday and, never one to aim small, declared he's "out to change the world."The Republican governor, a on...
11:45AM ( 1 hour ago )
Obama proposal would make 5 million more eligible for OT
WASHINGTON (AP) — Salaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are...
11:07PM ( 13 hours ago )