US STOCKS-Wall St up on GDP, earnings; fund year-end lifts winners

jueves 30 de octubre de 2014 15:04 GYT

* Nikkei report on GPIF allocation changes gives stocks support

* 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 Rodrigo Campos

NEW YORK, Oct 30 (Reuters) - U.S. stocks rallied on Thursday, boosted by a strong reading on quarterly economic growth and on the back of upbeat earnings reports including Visa, which accounted for nearly 150 points in the Dow industrials.

Gains on the S&P 500 were led by the year's best performing sectors, healthcare and utilities. Analysts cited buying of winning stocks from mutual funds for the run in those sectors, as funds close their books for the year at the end of this month.

"End of year for mutual funds is most likely going to be selling losers and continue to buy winners," said Art Hogan, chief market strategist at Wunderlich Securities in New York.   Continuación...