Stocks Close Higher After Nasdaq Glitch

NEW YORK (August 22, 2013)—Stocks closed higher Thursday after a technical glitch on the Nasdaq exchange that caused a three hour halt in trading.

Encouraging news about global manufacturing sent stock indexes higher Thursday.

The Dow Jones industrial average rose 66 points, or 0.4 percent, to close 14,963, ending a string of six straight losses.

The Standard & Poor's 500 index rose 14 points, or 0.9 percent, to close at 1,656.

The Nasdaq composite rose 38 points, or 1.1 percent, to end at 3,638.

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

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

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