4/26/2018, 10:01 PM (Source: TeleTrader)
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Wall Street closes higher amid earnings

Stocks on Wall Street closed in the green on Thursday amid earnings season. Facebook soared nearly 10% following the release of its better-than-expected earnings despite the company's recent scandal over data harvesting. In economic data, initial jobless claims fell to their lowest level in 49 years as they declined by 24,000 in the week ending April 21.

The Dow Jones Industrial Average gained 0.99% at the close led by Visa rising 4.84% after the financial services giant reported its earnings, highlighting that GAAP net income soared a whopping 505% to $2.6 billion year over year this quarter. Meanwhile, the S&P 500 added 1.05% at the end of the session with Chipotle Mexican Grill skyrocketing 24.44% on the company's earnings report. The Nasdaq 100 rallied 2.08% as Facebook closed 9.06% in the green.

Breaking the News / JC