(By Balaseshan) U.S. stocks ended on a modestly higher note amid upbeat economic figures and corporate results, even as heavyweights Apple (AAPL) and Amazon (AMZN) reported lower than expected earnings.
The S&P 500 Index gained 0.28 percent to finish at 1,412.64. The Dow Jones Industrial Average added 0.20 percent to end at 13,103.68. The Nasdaq Composite Index rose 0.15 percent to close at 2,984.92.
The U.K. economy rose by 1 percent in the third quarter after decreasing in the three previous quarters, according to a report from the U.K. Office for National Statistics.
On the U.S. economic front, durable-goods orders for September increased 9.9 percent, sharply up from economists expectations of a 7.1 percent increase. New orders - excluding transportation - rose 2.0 percent, versus expectations of a 0.8 percent advance.
In August, orders for durable goods plunged 13.2 percent, led by a near 84 percent severe drop in aircraft orders. New orders dropped 5.0 percent excluding transportation. Durable-goods orders measures the change in the total value of new orders for long lasting manufactured goods.
"A projected bounce in aircraft should account for nearly the entire improvement in September durables goods orders. Excluding aircraft, we expect orders to be up only modestly in the month (+1.0%); the core of the report, the subcomponent officially known as nondefense capital goods orders excluding aircraft is expected to rise by a similar amount," Deutsche Bank said.
The number of Americans who continued to receive jobless benefits fell last week as government data showed fewer than economists expected. Jobless claims declined 23,000 to 369,000 for the week ended Oct. 20 from a revised 392,000, while economists projected 370,000 applications.
Another report showed pending home sales unexpectedly declined 0.3 percent in September after a decline of 2.6 percent in August. Pending home sales measure the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction. Economists' expected pending home sales to increase 2.1 percent.
Hot Stocks Of The Day: SYNA, DECK, AAPL, AMZN, PSSI, ANGI, PG, BIIB, SPR, CROX, S
In corporate news, Synaptics Inc. (NASDAQ: SYNA) jumped 14.22 percent in the aftermarket after the company's first quarter results beat Street's expectations.
Deckers Outdoor Corp. (NASDAQ: DECK) plunged 15.64 percent in the aftermarket after the company lowered guidance for the fourth quarter and full year 2012.
Apple Inc. (NASDAQ: AAPL) reported quarterly earnings that trailed market expectations. The technology giant, which declared a quarterly dividend of $2.65 a share, guided the first-quarter below market expectations.
Amazon.com Inc. (NASDAQ: AMZN) fell 6.02 percent in the aftermarket after the company's third quarter results missed consensus.
PSS World Medical Inc. (NASDAQ: PSSI) jumped 32.36 percent after McKesson Corp. (NYSE: MCK) agreed to acquire PSS World Medical for roughly $1.46 billion in cash.
Angie's List Inc. (NASDAQ:ANGI) climbed 24.86 percent after the company's better than expected third quarter results.
Procter & Gamble Co. (NYSE: PG) gained 2.76 percent after the consumer-products giant reported better than expected quarterly earnings on benefits from cost savings and pricing.
Biogen Idec Inc. (NASDAQ: BIIB) rose 1.68 percent after the company reported a 17 percent jump in quarterly earnings helped by double-digit sales growth from its main products Avonex and Rituxan.
Spirit AeroSystems Holdings Inc. (NYSE: SPR) plunged more than 30 percent after the company recognized third quarter charges of $590 million for certain new programs, and announced settlement of severe weather related insurance claim.
Crocs Inc. (NASDAQ: CROX) dropped more than 20 percent after the company's third quarter revenue missed consensus, and it guided the fourth quarter below Street's view.
Cabelas Inc. (NYSE: CAB) tumbled more than 16 percent after the company's third quarter results missed Street expectations.
Sprint Nextel Corp. (NYSE: S) fell 1.78 percent after the company posted a wider quarterly loss as an increase in operating expenses offset revenue growth. Despite revenue missing the consensus, the loss was narrower than Street expectations.
Global Markets
European markets closed on a mixed note, with Germany's DAX adding 0.10 percent to close at 7,200.23. France's CAC40 shed 0.44 percent to finish at 3,411.53. U.K.'s FTSE 100 rose 0.27 points to end at 5,805.05.
Asian markets closed slightly mixed, with China's Shanghai Stock Exchange Composite Index down 0.68 percent to finish at 2,101.58. Japan's Nikkei 225 advanced 1.13 percent to end at 9,055.20. Hong Kong's Hang Seng Index rose 0.21 percent to close at 21,810.23. India's BSE Sensex closed at 18,758.63, up 0.26 percent.
Commodity & Currency Scan
Crude oil futures gained 0.51 percent to $86.17 per barrel, and natural gas futures shed 0.67 percent to $3.427 per million metric British thermal units. Gold futures rose 0.73 percent to $1,714.10 per ounce, and silver futures climbed 1.82 percent to $32.195 per ounce.
In the currency market, the euro dipped 0.24 percent against the U.S. dollar to 1.2943. The British pound gained 0.52 percent against the greenback to 1.6122, while the dollar rose 0.63 percent against the Japanese yen to 80.3000.
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