SmarTrend Market Close Wrap-Up — October 5, 2011
Themajor US equity indices closed higher Wednesday following a better than expected ADP report. The ADP reported US companies added 91000 jobs in September, after an 89000 gain the month before. The ISM reported its gauge of US service industries fell to 53 last month from 53.3 in August. A reading above 50 indicates expansion. In corporate news, After an announcement that Microsoft (NASDAQ:MSFT) is considering a bid for Yahoo (NASDAQ:YHOO), shares of the Internet media company closed over 10% higher to $15.92, the company’s highest level in almost three months.