Stocks end higher on news of cease-fire on Gaza Strip
BY Wire Reports
Thursday, November 22, 2012
11/22/12 at 2:39 AM
Stocks are finishing higher in a quiet pre-Thanksgiving trading session.
The Dow Jones industrial average ended the day up 48 points at 12,837. The Standard & Poor's 500 index rose three to 1,391. And the Nasdaq composite index finished the day up almost 10 points at 2,926.
Stocks got a small lift after news broke of a cease-fire between Israel and Hamas in the Gaza Strip.
Farm equipment company Deere lost 3.7 percent after an earnings report that missed Wall Street expectations. And jeweler Zale lost 30 percent after reporting a loss that was worse than analysts expected.
Advancing stocks beat decliners by about 2-to-1. Volume was light, about 2.5 billion shares.
The stock market is closed Thursday for Thanksgiving.