- Market recap: Stocks advanced in light trading, with the Dow climbing back above 15K, as a sharp drop in new home sales encouraged some to hope the Fed might not be too hasty in reducing its bond purchases.
- News that Microsoft's Steve Ballmer will retire within a year boosted shares 7% and provided support to the tech sector.
- Retailers were broadly lower as the trend of weak earnings from teen retailers continued today with Aeropostale (-20%).
- The weak new home sales report sparked a bid for Treasurys, sending the benchmark 10-year yield down 7 bps to 2.82%.
Stocks move higher in light trading, Dow back above 15K
Aug 23 2013, 16:10 ET