Wall Street level after US growth data
|London | Wall Street | Asia|
(Close): After a slow start, Wall Street gained momentum during the day to end higher, helped by positive economic and corporate figures.
The tech-heavy Nasdaq gained 16.9 points, or 0.37%, to 4,566.
It followed news that the US economy grew at an annual rate of 3.5% in the July-September quarter.
Visa rose 10% after it reported analyst-beating earnings.
MasterCard also posted a better-than-expected profits, sending it shares 9.4% higher.
A number of tech shares were hit, led by Intel's 4% fall as other chip makers, including Amtel and Intersil, reported disappointing earnings.
Microsoft lost 1.2%, Facebook fell 2.3%, and Texas Instruments lost 1.7%.