Stocks ended higher for the day as investors pinned their hopes on an eventual budget deal as 3rd quarter economic growth and home sales rose.
The Dow finished at 13,021, up 36 points while Nasdaq rose 20 points to
close at 3012.
On the upside
Shares of THQ (Nasdaq: THQI) in late afternoon trading on cautious optimism that the gaming company may secure some financing.
Goldman Sachs upgraded HDFC Bank (NYSE: HDB) which also boosted other Indian banks like ICICI Bank (NYSE: IBN) .
Shares of China HGS Real Estate (Nasdaq: HGSH) set new 52-week highs to lead the real estate sector.
On the downside
Supervalue (NYSE: SUV) confirmed that it was reviewing strategic options after a private equity firm reported problems securing the necessary funds for a leveraged buyout of the grocery chain.
Barnes & Noble (NYSE: BKS) posted 2nd quarter profits, but digital content sales slowed due to increased competition.
Shares of Zynga (Nasdaq: ZNGA) fell afterhours after the online gaming
company disclosed new terms for its relationship with Facebook (NYSE: FB).
In the broad market, advancing issues outpaced decliners by a margin of
more than 3 to 1 on the NYSE and on Nasdaq. The Russell 2000 which
tracks small cap stocks rose 9 points to close at 823.