Economic Data and Earnings Fuel Blue Chip Rally

The major benchmarks were all in the green following the end of the Fed’s bond buying program and got a boost from the better-than-expected third-quarter GDP growth of 3.5%.  Initial jobless claims came in slightly higher than expected at 287,000 but were still low enough to generate positive economic sentiment.  Strong quarterly earnings by Visa and MasterCard kicked off the day’s rally.