Upbeat Economic Data Lifts Markets To Higher Close

Consumer spending and incomes rose to lift the markets to a higher close with the Dow gaining 58 points to 16,323. Nasdaq added 4 points to 4155.

On the upside

Sterne Agee said that GameStop's (NYSE: GME) outlook was positive.

Shares of Genco Shipping & Trading (NYSE: GNK) climbed on no news.

2U (Nasdaq: TWOU) stock climbed on its first trading day.

On the downside


LipoScience (Nasdaq: LPDX) lowered its first quarter revenue guidance after Health Diagnostics Laboratory cancelled its contract with LipoScience.

Fourth quarter earnings plunged for Conatus Pharmaceuticals (Nasdaq: CNAT) to fall short of analyst expectations.

Shares of Spherix (Nasdaq: SPEX) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 climbed 8 points to 1857. Bitcoin lost $12.18 or 2.41% to $493.70.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here