
Stocks posted solid gains, after Europe reached an agreement in principle on a bank-recapitalization plan and on better-than-forecast earnings from corporations including Boeing and Ford. New orders for manufactured durable goods decreased 0.8% in September, while analysts had expected orders to drop 1%. Tech stocks closed mixed with F5 Networks providing some support to the sector after the co.’s upbeat results. But the sector was weighed down by slumping shares of Amazon and Broadcom. Amazon gave up 13% after lower-than-expected earnings for the third quarter and a disappointing forecast for the current period. Broadcom moved down a fraction, also on a weak forecast. Implied volatility inched lower on light trading volumes.
NEAREST RESISTANCE LEVELS: 57.45, 57.6, 58.2, 58.7,
59.3NEAREST SUPPORT LEVELS: 57.1,
56.8, 56.6, 55.8,
53.0, 50.0