Higher Close As Economy Expands

Despite tensions in Syria, the markets closed modestly higher with the Dow rising 16 points to 14,840 as the nation's economy expanded at a greater than expected pace in the second quarter. Nasdaq gained 26 points to 3620.

On the upside

Shares of Pacific Sunwear (Nasdaq: PSUN) rose ahead of its earnings release after market close.

eGain (Nasdaq: EGAN) reversed year ago losses to post a profit for the fourth quarter.

Bargain hunters lifted shares of McEwen Mining (NYSE: MUX).


On the downside


Shanda Games (Nasdaq: GAME) reported higher second quarter earnings but revenue fell.


Corinthian Colleges (Nasdaq: COCO) narrowed fourth quarter losses but the for profit educator warned of a challenging year ahead.

Genesco (NYSE: GCO) reported preliminary second quarter earnings and revenue that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 added 3 points to 1638.

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