NASDAQ Ends Higher as Benchmark Indices Stay Flat

Michael Teague |

Stocks closed slightly higher at the end of Tuesday’s trading session as Wall Street enters that precarious time of year during which portfolios are balanced and numbers are crunched.

The Standard & Poor’s 500 index ended the day a nearly imperceptible 0.01 percent higher closing at 1,802.75 points, while the Dow Jones Industrial Average was flat at 16,072.80, and the NASDAQ jumped 0.58 percent to extend its climb to 4,017.75 points.

On the S&P 500, Sprint Nextel (S) jumped over 4 percent on heavy trading, ahead of a 2014 that is sure to see the company put up a stronger challenge to its competition than it had been capable of prior to the company’s acquisition earlier in the year by Japanese telecom firm SoftBank.

The Walt Disney Co. (DIS) was the top gainer on the Dow, up over 2 percent on a day that was generally a favorable one for retailers. Disney was followed by aerospace/defense giant Boeing (BA) , up 1.3 percent, continuing a streak that has come as a result a recent and massive increase in orders for its commercial planes.

Tech shares fared well on the NASDAQ, with substantial gains for semiconductor manufacturers Camtek (CAMT) and GigOptix (GIG) on rumors of an entrace into 3D printing and positive analyst coverage, respectively. Small drug manufacturer Echo Therapeutics (ECTE) was up almost 73 percent on news of positive trial results for its significantly less invasive Continuous Glucose Monitoring system.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
GIG GigPeak Inc. 2.47 -0.08 -3.14 519,879
S Sprint Corporation 7.98 0.04 0.50 8,775,180
DIS Walt Disney Company (The) 98.50 -0.44 -0.44 7,737,193
ECTE Echo Therapeutics Inc. 0.17 -0.11 -39.38 143,126
CAMT Camtek Ltd. 2.83 -0.13 -4.39 19,500
BA Boeing Company (The) 152.25 -0.14 -0.09 2,105,577
ADREF Adler Real Estate Ag Ord n/a n/a n/a 0

Comments

Emerging Growth

PixarBio Corp

PixarBio Corp is a specialty pharmaceutical/biotechnology company focused on pre-clinical and commercial development of novel neurological drug delivery systems for post-operative pain.

Private Markets

Snapchat

Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…