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  • Magnitude-4.0 Quake Near Seabeck

    quake91714A magnitude-4.0 earthquake rattled the Puget Sound in Washington state early Wednesday. The earthquake was centered near the town of Seabeck in Kitsap County, about 40 miles west of Seattle. The shaking was felt as far away as Everett, Olympia and… Read More +

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  • Everett Optometrist Arrested On Molestation Charges

    obrien-courtEverett police say an optometrist molested a 10-year-old girl during an examination, and detectives suspect there may be more victims. Police spokesman Aaron Snell says 33-year-old John P. O'Brien of Bellevue was arrested on suspicion of first-degree child molestation on Tuesday… Read More +

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  • Mariners Rout Angels 13-2

    mariners newsMike Zunino's two-run double keyed a four-run fifth inning and the Seattle Mariners climbed within a game of the second AL wild-card spot by routing the Los Angeles Angels 13-2 on Tuesday night. The Mariners haven't been to the postseason since 2001, when they won 116 games under manager Lou Piniella and tied the major league mark set by the 1906 Chicago Cubs.

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Stocks Rebound into Positive Territory

b_250_0_16777215_00_images_obgrabber_2014-01_6dbd03e2f6.jpgiStock/Thinkstock (NEW YORK) -- A surge in Facebook shares helped the tech-heavy Nasdaq Composite to a nearly 2-percent rebound Thursday, while the Dow Jones Industrial Average saw a triple-digit bounce back as well. On Wednesday, the blue chips index dropped nearly 200 points after the Federal Reserve announced it is continuing to pull back a bit on its bond buying stimulus program.

 

For only the second time in the last eight days that the industrial average has finished in positive territory, the Dow closed the day up 109 points at 15,848.61.  The tech-heavy Nasdaq closed the session at 4,123.13.
 
Investors Thursday were cheered by news that the economy grew 3.2 percent in the fourth quarter of last year. Additionally, there were a number of strong earnings reports and what some analysts are calling the Facebook halo effect.
 
Facebook shares surged more than 14 percent Thursday after reporting blockbuster earnings. Fifty-three percent of the company’s ad revenues are now coming from mobile devices like smartphones and tablets. Over the last six months, shares of the social network have jumped more than 60 percent.
 
Under Armour was another big winner in Thursday trading. The athletic apparel maker is cheering this brutal winter because the company’s sales jumped 28 percent last quarter due, in part, to strong sales driven by the growing popularity of the brand’s cold weather sports apparel. The stock Thursday is up 23 percent -- almost $20 a share.
 
Copyright 2014 ABC News Radio

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