The Dow climbed 85 points to close at a record 15,961 on optimism that the Federal Reserve will maintain its bond buying policy. Nasdaq rose 13 points to 3985.
On the upside
Youku Tudou (NYSE: YOKU) reported a loss for the third quarter but daily mobile video viewers surged over 300 million.
Fourth quarter earnings slipped for Agilent Technologies (NYSE: A) but the results were better than expected.
JPMorgan lifted its price target on Pandora Media (NYSE: P) from $25 to $35.
On the downside
Profit taking sank shares of China Recycling Energy (Nasdaq: CREG).
The Environmental Protection Agency will lower ethanol requirements in gasoline sending shares of Archer Daniels Midland (NYSE: ADM) lower.
Piper Jaffray affirmed its Overweight rating on Electronic Arts (Nasdaq: EA) as Sony launched its PlayStation 4 today but the stock price dropped.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 gained 7 points to 1798.
