Stocks rallied Tuesday, with the S&P 500 hitting another
record high after a sluggish September jobs report provided the Fed
with ammunition to maintain its accommodative monetary policy and
delay a possible bond-buying taper until 2014. Non-farm payrolls
rose by a less-than-expected 148,000, pushing the monthly average
down to 143,000 new jobs. Amplified by upbeat earnings and weak
energy prices, the early rally drove the Dow to a one-month high
before stalling out with a smaller gain.
Here's where the markets stood at the close:
Dow Jones Industrial Index was up 75, or 0.5%, at 15,467
S&P 500 was up 10, or 0.6%, at 1,754
Nasdaq Composite Index was up 9.5, or 0.2%, at 3,929
FTSE 100 was up 0.62%
Nikkei 225 was up 0.13%
Hang Seng Index was down 0.52%
Shanghai China Composite Index was down 0.83%
OXBT Announced a deal to acquire certain assets of Phyxius
Pharma, a privately held biopharmaceutical company, for about $4.8
million in stock.
SYMM Reported fiscal first-quarter earnings in line with
analysts' estimates and said it agreed to be acquired by Microsemi
) for about $230 million.
RIG Transocean will replace Dell (
) on the S&P 500 index after the market close on Monday, Oct.
FST Downgraded to Underweight from Equalweight by analysts at
BNNY Adjusted 2014 earnings at the lower end of its range of
$0.97 to $1.01 per share.
NFLX Early gains compromised after S&P downgrades the stock
despite upbeat earnings
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