Dow Jones Jumps Despite Flood of Bad News; Visa Stock Rises on Positive Spending Data; Big Discounts on iPhones in China

Timothy Green, The Motley Fool
Dow Jones Jumps Despite Flood of Bad News; Visa Stock Rises on Positive Spending Data; Big Discounts on iPhones in China

On Monday, the Congressional Budget Office warned that a full economic recovery could take as long as a decade. Shares of Visa (NYSE: V) managed to gain on Tuesday after the credit card giant released data that showed a rebound in spending last month. Meanwhile, Apple (NASDAQ: AAPL) stock was down slightly following reports of steep discounts for iPhones in China.