The Dow jumps 150 points as strong earnings and GDP growth boost stocks (Vinamrata Chaturvedi, October 30, 2024, AP)
The Dow and other major indices jumped Wednesday morning, fueled by a stronger-than-expected earnings report from Alphabet (GOOGL) Google’s parent company, and new GDP data signaling a stable U.S. economy. Released just days before the U.S. election, the third-quarter Gross Domestic Product (GDP) report showed an annualized growth rate of 2.8%.