Stocks finished sharply higher after the Federal Reserve noted the economy strengthened in the third quarter. Fed Chairman Ben Bernanke reiterated that the Fed remains ready to take action to ensure the recovery continues. Also, ADP reported a jump in private-sector payrolls in October and revised its previous month higher. ADP's new September figure showed an increase of 116,000 jobs, up from the earlier report of 91,000. Separately, a jobs report from Challenger showed planned layoffs dropped 63% to 42,759 in October from the prior month. The markets also weighed reports related to the Greek Prime Minister’s decision to hold a national vote on a rescue plan for the nation. Tech stocks put in a mostly upbeat performance. AOL reported better-than-expected quarterly results prior to the start of trading and rose 12.5%. Also Garmin posted upbeat third-quarter report. In the evening trade Qualcomm surged 9.4% following the co.’s stronger-than-expected earnings and first-quarter adjusted guidance. Implied volatility inched lower on a very light trading volumes.NEAREST RESISTANCE LEVELS:
NEAREST SUPPORT LEVELS: 56.4, 56.12, 55.8, 53.0, 50.0
