Dow Adds 127, Nasdaq Gains 29

The Dow gained 126.81 points today to close at 13,535, the Nasdaq gained 29.07 points to close at 2,632 and the S&P 500 gained 16.08 points to close at 1,519. The 10-year bond closed below the 5% mark, losing 0.035 to 4.998%. Crude closed above $71 per barrel.

Volume was modest with 2.6 billion shares trading on the NYSE and 1.9 billion on the Nasdaq. Advancers topped decliners by a margin of 26:7 on the NYSE AND 2:1 on the Nasdaq.

In individual stories, Local.com Corporation (Nasdaq: LOCM) closed 29.5% higher, but off the highs of the days, after the company announced a patent for ad supported 411. Trump Entertainment (NASDAQ: TRMP) lost 16.7% today after the company said the indications of interest received for the acquisition of the Company did not lead to a deal.

Tomorrow, the few traders that are not on vacation will be looking for data on pending Homes Sales and Factory Orders at 10AM ET.

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