Concerns that the Federal Reserve would raise interest rates were eased by a weak jobs report. The markets closed higher with the Dow climbing 67 points to 17,137. Nasdaq gained 20 points to 4,582.
On the upside
GoPro (Nasdaq: GPRO) stock climbed on strong earnings from its video processing chip supplier Ambarella (Nasdaq: AMBA).
Shares of Xunlei (Nasdaq: XNET) continued climbing after announcing earlier this week plans to acquire Kuaipan Personal.
Bargain hunters lifted shares of TrueCar (Nasdaq: TRUE).
On the downside
A bankruptcy court approved USEC's (NYSE: USU) reorganization plan.
Investors continued to lock in profits on MobileIron (Nasdaq: MOBL).
Tumi Holdings (NYSE: TUMI) announced a secondary offering of 8 million common shares.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 10 points to 2007. Bitcoin lost $9 to $479.
Easing rate concerns lift markets
September 05, 2014 at 18:39 PM EDT