Rising new home sales along with strong earnings lifted the markets to a higher close with the Dow soaring 127 points to 16,805. Nasdaq climbed 30 points to 4,483.
On the upside
Regulus Therapeutics (Nasdaq: RGLS) extended its gains.
Merit Medical Systems (Nasdaq: MMSI) reported higher third quarter earnings that beat analyst expectations.
Spectranetics (Nasdaq: SPNC) fell to a loss for the third quarter but the results were better than expected.
On the downside
Third quarter earnings tumbled for Hub Group (Nasdaq: HUBG) to fall short of expectations.
Lakeland Industries (Nasdaq: LAKE) announced a private placement of common stock at the discounted price of $10 per share in order to raise approximately $11.2 million.
Oppenheimer initiated coverage of GoPro (Nasdaq: GPRO) with a Sell rating and set a price target of $45.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by a 9 to 7 on Nasdaq. The broader S&P 500 climbed 13 points to 1964. Bitcoin slipped $1 to $354.
Higher close on upbeat data
October 24, 2014 at 18:36 PM EDT