2013 Ends With Record Close For Dow And S&P 500

The final trading day of 2013 closed at a record high for the Dow with the blue chip index climbing 72 points to 16,576. Nasdaq gained 22 points to 4176.

On the upside

Immunomedics (Nasdaq: IMMU) received a patent for conjugating SN-38.

A Seeking Alpha contributor wrote that CytRx (Nasdaq: CYTR) was poised to climb.

Zacks noted that Hecla Mining (NYSE: HL) would be a great investment.

On the downside

Investors locked in profits on Biolase (Nasdaq: BIOL).

Profit taking weighed down shares of Corporate Office Properties Trust (NYSE: OFC).

Investors locked in profits on Amyris (Nasdaq: AMRS).

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 gained 7 points to 1848.

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