Stocks closed higher for a fourth day in a row, with the S&P
500 and the Dow Jones Industrial Average again finishing at record
highs, while the Nasdaq Composite Index closed above 4,000 for the
first time since September 2000. Homebuilder stocks helped pace the
day's gains following bullish data on the housing market and
overcoming a measure of consumer confidence again drifting
Despite the overall advance for the major market indices,
industry sectors in the S&P 500 were split equally between
winner and losers. Shares of consumer discretionary and technology
paced the leaders while utility stocks fell 1% as a group as
traders shunned the safe-haven sector for riskier plays.
today helped defuse worries over the slow-down in real-estate and
homebuilding this summer and instead showed homebuyers are
returning to the market to capitalize on stable lending rates and a
moderating prices. The Commerce Department reported housing permits
jumped 6.2% during October to a 1.034 million annual pace, climbing
to a five-and-a-half-year high.
The Federal Housing Finance Authority also said home prices rose
a below-consensus 0.3% in September while the Case-Shiller index of
home prices showed a greater than expected 1.0% rise over the same
The positive housing data offset another drop in consumer
confidence, with the Conference Board reporting a slide to a 70.4
reading this month, down from 71.2 in October last month and
trailing estimates looking for a 72.9 November reading.
Also today, the Richmond Fed's business activity index surged to
13.0 reading in November, up from a 1.0 reading last month and
easily beating the market consensus for a 4.0 reading.
Commodities were mostly lower. Crude oil for January delivery
settled 41 cents lower at $93.68 per barrel while December natural
gas reversed earlier loss to finish 3 cents higher at $3.82 per 1
million BTU. December gold fell 20 cents to $1,241.20 per ounce
while December silver was off 2 cents at $19.85 per share. December
copper slid 2 cents to $3.21 per share.
Here's where the U.S. markets stood at end of day:
Dow Jones Industrial Average up 0.26 (0.00%) to 16072.80
S&P 500 up 0.27 (+0.01%) to 1802.75
Nasdaq Composite Index up 23.18 (+0.58%) to 4017.75
Hang Seng Index down 0.01%
Shanghai China Composite Index down 0.14%
FTSE 100 Index down 0.87%
(+) MBIS, Shares nearly double today after the internet-media
company announced a strategic investment in a media platform for
3DPrintingIndustry.com. The companies also will work together on
trade shows and an online-job board. Terms were not disclosed.
(+) ECTE, Positive results announced today from a multi-center
clinical trial of its Symphony CGM System in surgical patients
clears the way for the medical-device firm to file its CE Mark
submission for European marketing approval before the end of the
(+) ELTK, Big advance for shares of the printed circuit board
manufacturer ahead of reporting Q3 financial results tomorrow.
There are no analyst estimates available for the firm, which posted
EPS of $0.05 on a 7.8% rise in revenue to $12.5 mln in Q2.
(-) NUAN, Q4 operating margin falls for the speech-recognition
company also forecasting fiscal Q1 and FY14 revenue and earning
trailing analysts' estimates.
(-) JASO, Reports non-GAAP per-ADS net loss of $0.37, missing
analyst consensus by $0.07.
(-) TTWO, Buys back 12.02 mln shares previously owned by Icahn
Group at Monday's closing price of $16.93 per share.