While you were sleeping: Visa, MasterCard rally

Thu, 30 Oct 2014

By Margreet Dietz Oct. 31 (BusinessDesk) - Wall Street rose after a report showing the US economy grew at a better-than-expected clip in the third quarter, while shares of Visa and MasterCard rallied after their latest earnings topped expectations. In afternoon trading in New York, the Dow Jones Industrial Average climbed 1.30 percent, the Standard & Poor’s 500 Index rose 0.53 percent, while the Nasdaq Composite Index gained 0.34 percent. A rally in shares of Visa and those of Merck, last up 9.7 percent and 1.8 percent respectively,...

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