Dow Adds 33, Nasdaq Adds 7

The Dow added 33.38 points today to close at 11,561, the Nasdaq added 6.89 points to close at 2,236 and the S&P 500 added 3.59 points to close at 1,320. This morning's CPI report showed mild inflation, keeping buyers in charge ahead of next week's Federal Reserve interest rate meeting. Today's data supported the view that the Fed will leave rates unchanged.

Volume was active with 1.9 billion shares trading on the NYSE and 2.5 billion shares trading on the Nasdaq. Advancers topped decliners by a margin of 19:13 on the NYSE and 15:14 on the Nasdaq.

In individual stories, Cygne Designs Inc. (Nasdaq: CYDS) closed 36% higher after the company reported strong second quarter results. Public Service Enterprise Group Inc. (NYSE: PEG) fell over 6% after the merger with Exelon Corporation (NYSE: EXC) was terminated.

On Monday, traders will be looking for data on the Q2 Current Account at 8:30AM. In addition, earnings from Stewart Enterprises (Nasdaq: STEI) are due.

You May Also Be Interested In

• After-Hours Movers: QCOM, COHR, APP, HUBS, SNAP, FSLY, FIG, ZG, BROS, CDE
• Arm stock slips after hours as lack of blowout guidance offsets quarterly results
• Premarket movers: Qualcomm, Snap slide premarket; Unity surges