With the results of the election just hours away from the close of business on Wall Street, earnings and corporate news carried the day — the Dow gained 1.02% to close at 13,245.68 (with only two components in the red), the S&P 500 finished up 0.79% at 1,428.39, and the Nasdaq gained 0.41% to close at 3,011.93.
Leading the way in the Dow was Hewlett-Packard (NYSE:HPQ), which gained nearly 3% on news that it was cozying up with Linux, joining its board and increasing its investment in the Linux Foundation. Boeing (NYSE:BA) shares also shot up more than 2% as investors piled in before BA goes ex-dividend Wednesday, as well as on optimism about the company’s 787 Dreamliner.
On the earnings front, AOL (NYSE:AOL) soared more than 22% after the company delivered strong earnings and revenue results, and Office Depot (NYSE:ODP) jumped 17% after beating earnings estimates despite a decline in sales.
But much of the day’s earnings news fell on a more sour side.
Real estate information provider Zillow (NASDAQ:Z) plunged 18% after the company delivered a weaker-than-expected revenue outlook for the rest of the year. Meanwhile, shares of Express Scripts (NASDAQ:ESRX) dropped 12% after the pharmacy benefits manager warned investors that estimates for 2013 were “overly aggressive.”
Cablevision (NYSE:CVC) lost more than 6% after reporting a surprisingly high drop in video subscribers. DirecTV (NASDAQ:DTV) also lost subscribers than expected during the third quarter, but only declined marginally.
- Computer Sciences (NYSE:CSC): Up 17.4% ($5.48) to $36.94.
- Navistar (NYSE:NAV): Up 6.9% ($1.38) to $21.51.
- First Solar (NASDAQ:FSLR): Up 6.3% ($1.47) to $24.79. (Read more here)
- Coeur D’Alene Mines (NYSE:CDE): Down 20.9% ($6.36) to $24.01.
- LeapFrog (NYSE:LF): Down 10.7% ($1.02) to $8.55.
- Vringo (AMEX:VRNG): Down 9.1% (36 cents) to $3.59.
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he was long AOL.