A drop in first time applications for unemployment benefits lifted the markets to a higher close with the Dow climbing 76 points to 16,330. Nasdaq gained 39 points to 4,796.
On the upside
A drop in Brazil’s currency sparked speculation that Vale (NYSE: VALE) would be able to increase sales overseas.
Apple (Nasdaq: AAPL) introduced the iPad mini 4, the iPad Pro and the iPhone 6S and 6S Plus at the Apple iPhone event yesterday.
Bargain hunters lifted shares of RCS Capital (NYSE: RCAP).
On the downside
Investors locked in profits on Nexvet Biopharma (Nasdaq: NVET).
The Wall Street Journal reported that Avon (NYSE: AVP) engaged in discussions for a possible private equity investment but the stock price fell.
Janney Capital Markets initiated coverage of SunEdison (NYSE: SUNE) with a Buy rating and a price target of $23 but the stock price dropped.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 10 points to 1,952. Bitcoin edged up a fraction to $237.
