October 24, 2013 -- 4:15 p.m. ET - 10/24/13
Stocks rose on Thursdays session. The Dow advanced 95 points to 15509. The S&P 500 climbed 6 points to 1752. The NASDAQ closed 22 points higher at 3928. The major averages finished in positive territory following a batch of encouraging earnings reports. Market gains were also attributed to data from China that suggested manufacturing activity increased in October. Pulte Group rallied 7.0% to $17.85 after quarterly results topped consensus estimates. Ford was up 1.4% to $17.76 while 3M edged 0.2% higher to $123.49 after both posted better-than-expected profits. Symantec stumbled 12.7% to $21.49 following its reduced revenue forecast. Shares of Microsoft were down 0.2% to $33.72 while Amazon added 1.7% to $332.21 ahead of their schedule earnings releases after the closing bell. On the U.S. economic front, weekly jobless claims fell 12,000 to 350,000 versus the consensus projection to decline to 340,000. Another report showed the trade deficit widened slightly in August. Consumer discretionary and energy were the best performing sectors in the S&P 500. McKesson was up 4.9% to $150.00 after agreeing to acquire German drug distributor Celesio for $5.4 billion. Noble Energy gained 4.4% to $74.52. Telecom was down the most on the session as AT&T lost 1.8% to close at $34.63. Breadth was positive on issues by an 11-8 margin on the NYSE and 5-3 on the NASDAQ. NYSE Composite volume totaled 3.6 billion shares. Treasuries declined with the 10-year note down 3/32 to yield 2.51%.
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