– National
:
Better-than-expected consumer confidence numbers and a drop in oil prices sent stocks higher Wednesday, extending Wall Street’s November rally in light pre-holiday trading.
The Dow Jones Industrial Average gained 44.66, or 0.4 percent, to 10,916.09. The Standard & Poor’s 500 Index edged up 4.38, or 0.4 percent, to 1,265.61. The Nasdaq Composite Index rose 6.42, or 0.3 percent, to 2,259.98.
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– Local
:
Local movers were led by WPT Enterprises Inc., which gained 29 percent to $7.60, and Guitar Center Inc., which saw its shares rise 3.1 percent to $53.45. On the down side, Daily Journal Corp. lost 6.7 percent to $40.21 and IRIS International Inc. fell 4 percent to $26.84.
Shares of Global ePoint Inc. rose 36 percent to $3.74 after the City of Industry-based manufacturer of security technologies said its digital surveillance system was chosen by the Laughlin/Bullhead City International Airport in Nevada, the company’s first airport installation of the system.
Jamdat Mobile Inc. jumped 7.8 percent to $24.19, rising for a second day after an analyst at Merriman Curhan Ford & Co. said the mobile game publisher may see a recovery in its subscription business that could lead revenue to exceed its fourth-quarter sales forecast.
DTS Inc. fell 2.7 percent to $14.24 after the Agoura Hills-based digital audio developer said its board approved the accelerated vesting of certain stock options held by employees, officers and directors of the company. The options have prices greater than $21 per share, higher than the $14.76 closing price on Nov. 17, when the board made the decision. As a result of the vesting, the company expects to reduce the stock option expense it would have been required to state in its financial statements.
