Dow Surges To Record Close Above 16,000

An upbeat jobs report sent the Dow surging into record territory to close above the 16,000 mark for the first time by jumping 109 points to 16,009. Nasdaq leaped 47 points to 3969.

On the upside

A Seeking Alpha contributor wrote that Dex Media (Nasdaq: DXM) had great upside potential.

Bon-Ton Stores (Nasdaq: BONT) narrowed third quarter losses more than expected even as revenue slipped.

Sprint (NYSE: S) received the lowest score in a Consumer Reports customer satisfaction survey but the stock price rose.


On the downside


Investors locked in profits on IntelliPharmaCeutics (Nasdaq: IPCI).

Bazaarvoice (Nasdaq: BV) widened second quarter losses and announced that chief executive Stephen Collins will depart the company effective January 31, 2014 to be replaced by Gene Austin.

Profit taking weighed down shares of Unilife (Nasdaq: UNIS).

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 1795.

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