Investors Embrace Upbeat Economic Data To Lift Markets To Higher Close
Investors embraced increasing home construction and rising industrial output to lift the markets to a sharply higher close with the Dow soaring 103 points to 10,405. Nasdaq jumped 27 points to 2209.
On the upside
Agilent Technologies (NYSE: A) swung to a third quarter profit that surpassed analyst expectations as revenue soared.
Teck Resources (NYSE: TCK) announced that its notes offering has closed.
Cenveo (NYSE: CVO) chairman and chief executive Robert G. Burton Sr. purchased 45,000 shares of company stock.
On the downside
Shares of Chico's FAS (NYSE: CHS) fell ahead of its earnings release tomorrow.
Triple-S Management (NYSE: GTS) was not invited by the Puerto Rican government to participate in the negotiation process to win management responsibilities for the Reform (Medicaid) business.
Newell Rubbermaid (NYSE: NWL) commenced an exchange offer for its convertible senior notes.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 11 points to 626.
