While you were sleeping Facebook soars on earnings

Thu, 30 Jan 2014

By Margreet Dietz Jan 31 (BusinessDesk) – Wall Street climbed, bolstered by better-than-expected corporate earnings including from Facebook and upbeat US economic data. American GDP expanded at a 3.2 percent annual pace in the fourth quarter of 2013, according to Commerce Department data, following a 4.1 percent gain in the third quarter. Consumer spending climbed 3.3 percent. "The economy was firing on almost all cylinders as 2013 came to a close. For today, the sun is out and shining," Chris Rupkey, chief financial economist at Bank of Tok...

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