US STOCKS-Dow hits record high; BoJ ramps up stimulus

viernes 31 de octubre de 2014 13:38 GYT

* Expedia shares jump after results; GoPro rallies

* Abbvie shares rise after results, outlook

* Indexes up: Dow 1 percent, S&P 1 percent, Nasdaq 1.3 percent (Updates to early afternoon trading, changes byline)

By Caroline Valetkevitch

NEW YORK, Oct 31 (Reuters) - U.S. stocks rose sharply on Friday, with the Dow hitting an intraday record high as the Bank of Japan significantly ramped up its stimulus program, just days after the Federal Reserve wound down its years-long package of incentives.

The S&P 500 came within 0.1 percent of its record high, after the December e-minis contract hit an intraday record earlier.

Gains were broad, with the benchmark S&P 500 index posting 124 new 52-week highs and two new lows; and the Nasdaq Composite recording 214 new highs and 31 new lows. Among the biggest positives on the S&P 500, Abbvie shares rose 4 percent after the drugmaker reported quarterly earnings and said it could deliver strong long-term growth without rushing into another big merger attempt.

The BoJ's board voted to accelerate purchases of Japanese government bonds while tripling its purchases of exchange-traded funds and real-estate investment trusts.

That could help the outlook for stocks, especially if the U.S. economy keeps improving.   Continuación...