US STOCKS-Wall St up on GDP, earnings; fund year-end lifts winners
* Nikkei report on GPIF allocation changes gives stocks support
* Visa, MasterCard rally after results
* Third-quarter GDP tops expectations
* Indexes up: Dow 1.3 pct, S&P 500 0.6 pct, Nasdaq 0.4 pct
By Rodrigo Campos
NEW YORK, Oct 30 (Reuters) - U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials.
Despite the bullish data and the Federal Reserve's Wednesday statement indicating the economy is strengthening, gains on the S&P 500 were led by healthcare and utilities, traditionally defensive sectors.
Analysts cited mutual funds purchases of the best performing stocks for the run in those sectors, as funds close their books for the year at the end of this month. Healthcare and utilities are both up nearly 20 percent year-to-date.
"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...