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Closing Update: Consumer, Health Care Stocks Pace Market Rise; All 10 S&P 500 Sectors Post Gains

Stocks finished Monday higher as Wall Street extended Friday's rebound into the new week. The S&P 500 and the Nasdaq Composite traded higher throughout most of the session, led by shares of consumer stocks, but it required a late surge to lift the Dow Jones Industrial Average to positive ground following a big decline for International Business Machines ( IBM ). Big Blue disappointed investors with its Q3 financial results.

All 10 industry sectors in the S&P 500 rose Monday, with shares of health care and utility companies joining consumer stocks with gains of 1% or more. Industrials lagged the field with just a 0.3% advance as a group.

The blue-chip index spent most of Monday's session underwater after IBM fell to a new 52-week low after the tech bellwether posted a non-GAAP Q3 profit of $3.68 a share, missing the Capital IQ consensus by $0.64 per share. On a GAAP basis, the company recorded its tenth quarterly net loss in a row. It also announced a deal paying Globalfoundries $1.5 billion to take over its money-losing semiconductor business.

Nearly a dozen Ebola-related stocks declined by double digits Monday after 43 people who came into contact with Thomas Eric Duncan prior to the Ebola patient's hospitalization were released from quarantine after showing now symptoms during the 21-day incubation period.

There were no economic reports today.

Commodities were mixed. Crude oil for December delivery settled 4 cents lower at $82.71 per barrel while November natural gas fell 10 cents to finish at $3.67 per 1 million BTU. December gold rose $5.70 to $1,244 per ounce while December silver added 2 cents to $17.30 per ounce. December copper also climbed 2 cents, finishing at $2.99 per pound.

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

Dow Jones Industrial Average up 19.26 (+0.12%) to 16,399.67

S&P 500 up 17.26 (+0.91%) to 1,904.02

Nasdaq Composite Index up 57.64 (+1.35%) to 4,316.07

GLOBAL SENTIMENT

Hang Seng Index up 0.20%

Shanghai China Composite Index up 0.66%

FTSE 100 Index up 0.68%

UPSIDE MOVERS

(+) ESI, Bank of America Merrill Lynch raises price target by $1 to $8 a share, also reiterating its Underperform rating for the stock after concluding the for-profit educator has sufficient cash on hand to address any potential liquidity issues.

(+) FLL, Allen E Paulson Living Trust, comprised of hiers of former CEO Allen Paulson, voice support for a special shareholder meeting where another shareholder group wants a vote on adding five new directors to the five-member FLL board.

(+) SHOR, Mitel Networks (MITL,MNW.TO) goes public with its $540 mln offer for its smaller U.S. peer, offering $8.10 a share - a 24% premium over Friday's closing price.

DOWNSIDE MOVERS

(-) NCR, Cuts projected FY14 EPS by $0.40 below prior guidance to a range of $2.60 to $2.70 a share, trailing estimates by at least $0.30 per share. Sees revenue in a range of $6.58 bln to $6.63 bln, lagging Street by at least $110 mln.

(-) IBIO, Ebola-related stocks fall after Dallas judge lifts 21-day quarantine for 43 people who came into contact with Thomas Eric Duncan prior to the Ebola patient's hospitalization. APT, LAKE, VSR, AHPI, TKMR, CMRX and GBIM also post double-digit declines.

(-) TLLP, Pays $2.5 bln to acquire natural gas-processing business from QEP Resources ( QEP ). Also takes 58% stake in QEP Midstream Partners LP ( QEPM ), also refinancing $230 mln of its debt.

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

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

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