BUSINESS

Stocks end higher, breaking losing streak; Nasdaq trading resumed after halt caused by glitch

08/22/2013 04:12 EDT | Updated 10/22/2013 05:12 EDT
NEW YORK, N.Y. - The stock market is closing higher and trading resumed on the Nasdaq exchange after a 3-hour halt caused by a technical glitch.

Encouraging news about global manufacturing sent stock indexes higher Thursday.

The Dow Jones industrial average rose 66 points, or 0.4 per cent, to 14,963. The Dow was coming off six straight losses.

The Standard & Poor's 500 index rose 14 points, or 0.9 per cent, to 1,656. The Nasdaq composite rose 38 points, or 1.1 per cent, to 3,638.

The stock of Nasdaq OMX, parent company of the Nasdaq exchange, fell 3 per cent to $30.46 after the trading outage.

Five stocks rose for every one that fell on the New York Stock Exchange. Volume was very low, 2.4 billion shares, below the recent average of 3.3 billion.