Higher Close Over Hopes For Shutdown Resolution

Despite the first government shutdown in nearly two decades, the markets closed higher with the Dow climbing 62 points to 15,191 over expectations that the crisis will be resolved shortly. Nasdaq soared 46 points to 3817.

On the upside

Revolution Lighting Technologies (Nasdaq: RVLT) provided a business update.

TearLab (Nasdaq: TEAR) named Seph Jensen to the position of president and chief operating officer.

Cowen lifted its price target on Yelp (NYSE: YELP) from $60 to $80.


On the downside


Angie's List (Nasdaq: ANGI) chief technology officer Manu Thapar left the company.

Investors locked in profits on Suntech Power (NYSE: STP).

A Seeking Alpha contributor questioned the product releases of NQ Mobile (NYSE: NQ).

In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 13 points to 1695.

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