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|NEW YORK OFF White x Nike Air Force 1 Basse The Ten Blanche Pas Cher , Oct. 30 (Xinhua) -- U.S. stocks gained steam to trade mostly higher at midday Thursday after data showed the American economy grew stronger than expected in the third quarter.
The U.S. real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter, according to the advance estimate released by the U.S. Commerce Department Thursday, beating analyst estimates of 3 percent.
The upbeat data came one day after the Federal Reserve decided to end the third round of quantitative easing (QE), as the U.S. central bank sees the economy is improving on track from the worst financial crisis in decades.
Fed officials are likely to feel "vindicated" about their decision not to back down from their hawkish stance in Wednesday's statement, said Christopher Low, chief economist at FTN Financial, in a research note Thursday.
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Visa shares jumped 8.99 percent to trade at 233.96 dollars apiece in early morning, the top gainer of the Dow Jones Industrial Average, as the card company late Wednesday posted stronger-than-expected third-quarter results.
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CHONGLI, Hebei Province, Aug. 28 (Xinhua) -- International Olympic Committee president Thomas Bach arrived in Chongli County of Zhangjiakou on Friday to inspect 2022 Winter Olympics venues.
Bach, who is attending the world athletics championships in Beijing Nike Air Force 1 Basse Homme Pas Cher , will have an inspection tour on Saturday of the county that will host the biathlon, Nordic combined, ski jumping, snowboard and freestyle skiing events in the 2022 Winter Olympics.
The Olympic head said he was looking forward to a spectacular and successful Games in 2022.
Beijing, along with neighboring Zhangjiakou, won the 2022 bid over Almaty, Kazakhstan.
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