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US indexes are mostly higher in midday trading; Big gain in Visa drives Dow average higher

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NEW YORK — U.S. stock indexes are mostly higher as a parade of big companies turn in quarterly results.

The Dow Jones industrial average climbed more than 150 points as of midday Thursday, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock.

The Standard & Poor's 500 index rose five points to 1,987 as of noon Eastern time. The Nasdaq composite fell four points, or 0.1 percent, to 4,545.

PHOTO: FILE - In this Oct. 8, 2014 file photo, a Wall Street address is carved in the side of a building in New York. U.S. stocks are drifting in early trading Thursday, Oct. 30, 2014, as a parade of big companies turn in quarterly results. A strong gain for Visa pulled the Dow Jones industrial average higher. (AP Photo/Mark Lennihan, File)
FILE - In this Oct. 8, 2014 file photo, a Wall Street address is carved in the side of a building in New York. U.S. stocks are drifting in early trading Thursday, Oct. 30, 2014, as a parade of big companies turn in quarterly results. A strong gain for Visa pulled the Dow Jones industrial average higher. (AP Photo/Mark Lennihan, File)

The Dow Jones industrial average rose 150 points, or 0.9 percent, to 17,125.

Visa announced earnings late Wednesday that beat analysts' expectations. The company also announced a big share buyback program.

Auto parts maker BorgWarner dropped 5' percent after reporting results that missed analysts' expectations.

The price of the 10-year Treasury note edged up. Its yield fell to 2.29 percent.

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