Eight of the 14 Toronto subgroups were in positive country to end Thursday, led by metals and mining stocks, along with their cousins in global base metals, each up 0.7%, while energy stocks gained 0.5%.
The half-dozen laggards were weighed mostly by gold, down 1.8%, materials, sliding 0.9%, and real-estate, skidding 0.6%.
After five straight days of losses, stocks gained ground Thursday.
The Dow Jones Industrials closed positive 55.04 points to 15,328.30.
The S&P 500 index improved 5.90 points to 1,698.67. The NASDAQ grew 26.33 points to 3,767.43
Nike, one of the newest members of the Dow, will release its latest quarterly results after the closing bell.
Facebook shares hit an all-time high above
Yahoo shares rose to a six-year high of
Shares of eBay jumped after the company said it will buy online payment platform Braintree for
J.C. Penney shares bounced back Thursday after J.C. Penney CEO Mike Ullman reportedly told investors that the company won't need to raise capital this year, according to
In a statement Thursday morning, J.C. Penney said it is "pleased thus far in the company's turnaround efforts," and added that it expects to book positive same-store sales during the third and fourth quarters.
Analysts expect earnings growth of 3.6% for the S&P 500 companies, according to S&P Capital IQ estimates. That would be the smallest increase in a year. But revenue is forecast to grow by 4.8%, the best pace in over a year.
On the economic front, gross domestic product in the U.S. grew at an annual rate of 2.5% during the third quarter according to the government's final GDP reading. Jobless claims fell slightly to 305,000 last week, which was below expectations.
Stocks hit record highs earlier last week, but market sentiment has taken a hit in the past few days as investors worry about a possible government shutdown and the upcoming debt limit.
Prices for the 10-year U.S. Treasury sagged, raising yields to 2.64% from Wednesday's 2.61%. Treasury prices and yields move in opposite directions.
Oil prices gained
Gold prices dipped
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