Business

US stocks move higher, helped by Facebook, GDP

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Stocks jumped Thursday as investors cheered a batch of strong earnings and data that showed the US economy grew. Facebook jumped after the social media company reported results that exceeded expectations. But Amazon.com sank in after-hours trading after results fell short. Visa also rose on first-quarter profits. Investors cheered news that the US economy grew at a 3.2 percent annual rate in 2013’s final quarter. And they got a break from troubles in emerging markets as the Turkish lira, Argentinian peso, and South African rand, another troubled currency, stabilized. The yield on the 10-year Treasury note rose to 2.70 percent.

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