Markets Rebound On Positive Data and Earnings

U.S. benchmarks rebounded today following European indexes higher and after a number of positive earnings reports including Morgan Stanley, General Electric, Honeywell and Schlumberger.  Markets were further buoyed by better than expected housing starts which saw a 6.3% rise in September.

Market Radar - % Change

Nymex crude oil was up for the second consecutive session settling at $82.75 per barrel up $0.05 or 0.06%.  Gold fell slightly for the second day losing $2.2 to settle at $1,239 per ounce down 0.18%.

Most of major indexes ended in the green with the Dow Jones Industrial Average (INDEXDJX:DJI) surging 263.1 points to close at 16,380.34 up 1.63%.  The S&P 500 (INDEXSP:GSPC)  was up 1.29% closing at 1,886.74 up 23.98 points.

The NASDAQ Composite (NASDAQ:IXIC) climbed 41.05 points to close at 4,258.44 up 0.97% while the NASDAQ 100 jumped 1.33% to gain 50.19 points closing at 3,815.47.

The Small cap Russell 2000 gave up some of yesterday’s big gains shedding 3.78 points to close at 1,082.33 down 0.35%.  The Fox50 gained 16.12 points to close at 1,339.84 up 1.22%.