- Stocks edged higher, with the S&P closing strong to notch a new record high, as factory goods orders rose more than expected and some tech heavyweights posted strong Q3 results.
- Amazon jumped 9% after delivering a narrower than expected loss in its latest quarter, Microsoft climbed 6% on double-digit revenue growth, and Zynga rose 5.5% as revenue topped estimates and cost fell.
- Durable goods orders rose but fell excluding aircraft, and October consumer sentiment took a hit from the government shutdown.
- Treasurys rose, as the economic reports supported speculation that the Fed would be in no rush to trim its bond purchases.
Stocks move higher as strong tech earnings help positive tone
Oct 25 2013, 16:15 ET