Equities Market Recap: Market Rally Continues on Positive Earnings

Brittney Barrett  |

Stocks continued to rally during Thursday trading with the Dow Jones transports closing at a record high and all three sectors making steady gains.  The Dow Jones Industrial Average surged 72.35 points, or 0.57 percent, to close at 12,763.31. The Standard & Poor's 500 Index added 4.82 points, or 0.36 percent, to finish at 1,360.48 while the Nasdaq Composite Index was higher by 2.65 points, or 0.09 percent to 2,872.53.

Transportation was a major source of gains today with the sector rising 1.02  percent. All-stars in the sector included, Pacer International (NASDAQ: PACR), up 17.61 percent to $6.01 and Norfolk Southern Corp (NASDAQ: NSC) which was higher by 8 percent at close. Horizon Lines Inc. (NASDAQ:HRZN) was higher by close to 13 percent on Thursday as well.

For every 11 stocks falling, roughly 18 gained on the New York Stock Exchange. Shortly before close, 737 million shares has been traded.

 

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