Closing Update: Stocks Continue Swing Higher; Broad-Based Late Rally Lifts Dow, S&P 500 to Small Gains

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Stocks ended moderately higher, gaining momentum over the final hour of the session and led by strong gains for shares of energy companies. All 10 sectors in the S&P ended in positive territory, aided by new data on manufacturing activity that is unlikely to move the Federal Reserve from its current program of quantitative to stimulate the U.S. economy.

September factory orders rose 1.7% in September following a 0.1% decline in August, largely due to a 57.7% surge in aircraft orders, the Commerce department reported. The headline number matched the market consensus, although excluding transportation, factory orders actually fell 0.2% last month.

Crude oil for December delivery settled 1 cent higher at $94.62 per barrel while December natural gas was down 7 cents to $3.44 per 1 million BTU. December gold climbed gold $1.60 to $1,314.70 per ounce while December silver fell 15 cents to $21.70 per ounce. December copper dropped 5 cents to $3.25 per pound..


Here's where the markets stood at end-of-day:

Dow Jones Industrial Average up 23.57 (+0.15%) to 15,639.12

S&P 500 up 6.29 (+0.36%) to 1,767.93

Nasdaq Composite Index up 14.55 (0.37%) to 3,936.59

GLOBAL SENTIMENT

Hang Seng Index down 0.26%

Shanghai China Composite Index unchanged

FTSE 100 Index up 0.43%

UPSIDE MOVERS

(+) EXTR, Reports Q1 non-GAAP earnings of $0.06 per share on revenue of $75.9 million for Q1. Analysts, on average, were expecting a $0.04 per share profit on $74.7 million in revenue.

(+) CSIQ, Forecasts Q4 in a range of $470 million to $495 million, now matching the Capital IQ consensus of $495 million.

(+) ANEN, Agrees to be acquired by Veritas Capital for $0.28 Per Share

DOWNSIDE MOVERS

(-) BBRY, Abandons its sale process, instead accepting a $1-billion investment; CEO steps-down

(-) VELT, Blackstone Group ( BX ) affiliate agrees to acquire the company's U.S.-based advertising businesses.

(-) PENN, Completed a tax-free spinoff of its gaming and leisure properties into a new master limited partnership, Gaming and Leisure Properties Inc. ( GLPI ).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities

Referenced Stocks: BX , GLPI

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