US STOCKS-Visa gives big boost to Dow, but GDP doesn't excite

jueves 30 de octubre de 2014 12:01 GYT

(Updates to midday trading)

* Visa, MasterCard both rally after results

* Third-quarter GDP tops expectations

* Energy shares fall alongside drop in crude prices

* Dow up 0.8 pct, S&P 500 up 0.2 pct, Nasdaq down 0.2 pct

By Ryan Vlastelica

NEW YORK, Oct 30 (Reuters) - U.S. stocks mostly edged higher on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, while results at Visa single-handedly put the Dow in solidly higher territory.

Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations, though down from the 4.6 percent rate in the second quarter.

The data came a day after the Federal Reserve ended its stimulative bond-buying program, leading investors to look to when the central bank will begin raising interest rates. The Fed has said its first rate hike would be dependent on the strength of economic data.   Continuación...