Stocks finished higher for a seventh week in a row, with the Dow
Jones Industrials Average and the S&P 500 both closing at
all-time highs. A new slate of mostly positive earnings cooled talk
about a possible correction while healthcare stocks got a push
higher after a pair of new drug treatments won added support from
European authorities. Nine of the 10 industry sectors ended in
winning territory, with tech stocks unable to overcome a warning by
) that it expects no or little growth next year for PC sales.
In a light day for economic data, the Bureau of Labor Statistics
said its monthly Job Openings and Labor Turnover survey found a
nearly 3% rise to 3.913 million open job postings during September
from the prior month, topping market expectations.
Also, the Kansas City Fed office said its index of manufacturing
activity in the central U.S. and Great Plains regions improved to a
7.0 reading this month, exceeding the market consensus expecting
the index to remain unchanged at 6.0.
Commodities were mixed. Crude oil for January delivery settled
60 cents lower at $94.84 per barrel while November natural gas rose
7 cents to finish at $3.77 per 1 million BTU. December gold rose 60
cents to $1244.30 per ounce while December silver fell 8 cents to
$19.85 per ounce. December copper added 2 cents to $3.21 per
Here's where the U.S. markets stood at end-of-day:
Nasdaq Composite Index up 22.49, or 0.6%, at 3,991.65
Dow Jones Industrial Average up 54 points, or 0.3%, at
S&P 500 up 8.9 points, or 0.5%, at 1,804.76
Hang Seng Index up 0.49%
Shanghai China Composite Index down 0.43%
FTSE 100 Index down 0.11%
(+) ATRM, Receives $2.1 mln in orders from both new and existing
customers for multiple sets of its VMAX integrated circuit test
handlers. ATRM reported $1.9 mln in sales through first nine months
of 2013. Delivery is slated for Q1.
(+) POZN, Announces special cash distribution of surplus
corporate cash, with the payment of $1.75 per share due Dec. 30 to
shareholders of record on Dec. 11.
(+) VNCE, Designer clothing label - formerly known as Apparel
Holding Corp - jumps after pricing its initial public offering of
10 mln shares at $20 each. Proceeds, other than $5 mln kept for
general corporate purposes, will be used to repay debt.
(-) DLIA, Girls' swimwear seller has Q3 net loss from continuing
operations of $0.40 per share, compared with $0.06 loss in the
year-ago period. Revenue fell 28.9% year over year to $33.0 mln.
There were no analyst estimates.
(-) NAT, Supertanker company discoses plans for a $65-mln public
offering of shares of its common stock, with CEO Herbjorn pledging
to buy $2 mln of the shares. Proceeds will fund NAT's investment in
Nordic American Offshore, a rig-supply firm.
(-) VMEM, Narrows per-share net loss by 58% from last year to
$0.63 but still lags Wall Street estimates by $0.16 per share.
Revenue grew 37% to $28.3 mln, trailing Capital IQ consensus by
$3.4 mln. Q4 revenue guidance misses by at least $13.3 mln