Monday Closing Bell: Markets Close Higher on Last-Minute Surge

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By Paul Ausick Updated Published
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November 4, 2013: U.S. markets opened higher Friday morning and took a dip before recovering beginning about noon. There was little data out today and earnings were also relatively scarce.

European markets closed mostly higher today while Latin American markets closed mixed and Asian markets closed lower.

Tuesday’s calendar includes speeches by Richmond Fed President Jeffrey Lacker and San Francisco Fed President John Williams and the following scheduled data releases and events (all times Eastern):

  • 10:00 a.m. – ISM non-manufacturing index
  • 11:30 a.m. – 4-week bill auction

Here are the closing bell levels for Monday:

  • S&P500 1767.93 (+6.29; +0.36%)
  • DJIA 15639.12 (+23.57; +0.15%)
  • NASDAQ 3936.59 (+14.55; +0.37%)
  • 10YR TNOTE 2.605% (+0.125)
  • Gold $1,314.70 (+1.50; +0.1%)
  • WTI Crude oil $94.62 (+0.017; flat)
  • Euro/Dollar: 1.3519 (+0.0032; +0.24%)

Big Earnings Movers: Kellogg Co. (NYSE: K) is up 0.7% at $62.72 after announcing a restructuring program. CME Group Inc. (NASDAQ: CME) is down 1.2% at $73.77 after reporting earnings this morning. Realogy Holdings Corp. (NYSE: RLGY) is up 7.7% at $43.79.

Stocks on the Move: BlackBerry Ltd. (NASDAQ: BBRY) is down 16.4% at $6.50 after announcing that no buyout bid will be forthcoming. Penn National Gaming Inc. (NASDAQ: PENN) is down 76.7% at $13.75 after spinning-off its real-estate holdings into a REIT. Suntech Power Holdings Co. Ltd. (NYSE: STP) is up 15.5% at $1.53 following the acquisition of its major operations in Wuxi.

In all, 142 NYSE stocks put up new 52-week highs today, while 13 stocks posted new lows.

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About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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