The stock market squeezed out slim gains as traders struggled to
push indices into positive territory for the first time in six
days. Although equities continued to be plagued by the deadlock in
Congress, investors shrugged off threats of a shutdown by House
Speaker John Boehner and put their money back in the market
following a small decline in initial jobless claims and dovish
comments from Fed officials Stein and Kocherlakota.
Stocks were also aided by falling Treasury yields -- which have
dropped close to 10 basis points since the beginning of the week --
as well as technical support for the Dow Industrial at the 50 day
moving average of 15,293.
Here's where the markets stood at the close:
Dow Jones Industrial Index was up 55.04 (+0.36%) to
S&P 500 was up 5.90 (+0.35%) to 1,698.67
Nasdaq Composite Index was up 26.33 (+0.70%) to 3,787.43
FTSE 100 was up 0.21%
Nikkei 225 was up 1.22%
Hang Seng Index was down 0.36%
Shanghai China Composite Index was down 1.94%
FLOW, The company has entered into a definitive agreement to be
acquired by private equity firm American Industrial Partners in a
transaction valued in excess of $200 million.
KIOR, The cellulosic fuel produer plans to double production
capacity at its facility in Columbus, Mississipi.
BBBY, Bed, Bath & Beyond reported Q2 earnings of $1.16 per
share beating estimates of $1.15 per share but reported mixed
guidance for 2013 and 2014.
MONT, Shares surged after the company's IPO
SPDC, Announced the pricing of its 6.95 million shares at $3
each, a discount of about 16% to Wednesday's closing price
HTZ, Hertz cuts full year revenue, EPS guidance due to weaker
LLY, Breast cancer drug ramucirumab did not meet its primary
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