Expansion in the nation’s manufacturing activity lifted the markets to a higher close with the Dow gaining 69 points to 15,615. Nasdaq added 2 points 3922.
On the upside
Shares of The Container Store (NYSE: TCS) more than doubled on its first trading day.
ITG Investment Research lifted its third quarter sales outlook for J.C. Penney (NYSE: JCP).
The Government Accountability Office upheld a $3.5 billion Navy contract awarded to Hewlett-Packard (NYSE: HPQ).
On the downside
Muddy Waters expects NQ Mobile (NYSE: NQ) to be delisted within a year.
Body Central (Nasdaq: BODY) fell to a larger than expected loss for the third quarter as revenue fell and cut its corporate staff by 11%.
Ellie Mae (Nasdaq: ELLI) disappointed with sharply lower third quarter earnings that fell far short of analyst expectations and forecast current quarter earnings below expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 added 5 points to 1761.
