Earnings and Data Drive Gains Across the Board

By Michael Goldstein Markets FOXBusiness

U.S. markets surged following positive economic data out of China and after September’s U.S. existing home sales reached a new one year high. Apple’s (AAPL) strong quarterly results were more than enough to overcome disappointing numbers from Coca-Cola (KO) and McDonalds (MCD) driving the markets to strong gains on the day.

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Market Radar - % Change

Nymex crude oil gained $0.10 to settle at $82.81 per barrel up 0.12% for the third gain in four sessions. Gold prices climbed as well gaining $7.0 to settle at $1,251.70 per ounce up 0.56%.

The major averages all saw strong gains with the Dow Jones Industrial Average (DJI) up 215.14 points or 1.31% to close at 16,614.81 bringing the index back into positive territory for the year.  The S&P 500 (GSPC) jumped 1.96% to close at 1,941.28 up 37.27 points.

Apple helped the NASDAQ Composite (IXIC) to surge 2.4%, the largest intraday percent gain since January 2013 gaining 103.41 points to close at 4,419.48.  The NASDAQ 100 saw a similar jump climbing 2.62% to close at 3,971.39 after gaining 101.31 points.

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The Small cap Russell 2000 gained 17.88 points or 1.63% to close at 1,112.85 and the Fox50 gained 20.44 points to close at 1,371.77 up 1.51%.

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