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Visa, MasterCard Rally on Earnings, Dow Jones Up Triple Digits

Susannah Lee
10/30/14 12:01 PM EDT
Stocks were mostly higher with the Dow Industrials soaring triple digits in midday trading Thursday. Techs are losing ground pushing the Nasdaq into negative territory. It's Visa (V) that's backing the blue chips higher. The stock rose 9% after reporting better-than-expected earnings. Visa also announced a $5 billion stock buyback. Visa's arch rival MasterCard (MA) is also gaining in the session. The credit card company was up more than 7% after beating Wall Street's expectations on both the top and bottom lines. Lakeland Industries (LAKE) is up 37% after saying it accelerated manufacturing capacity due to the Ebola crisis. The maker of hazmat suits is up 155% in the last three month. GoPro and Starbucks are contributing to the Nasdaq's losses. Both will report earnings after the bell.
Stocks in this video: ^DJI^IXIC^GSPCVMALAKEGPROSBUX

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