The Clinton Herald, Clinton, Iowa

Business & Technology

November 2, 2013

Stocks start November on a positive note

(Continued)

"I don't think this market is cheap by any means," said Brad McMillan, chief investment officer for Commonwealth Financial. "We've been urging caution for some time now."
In the bond market, the yield on the 10-year Treasury note rose to 2.62 percent from 2.56 percent.
On Friday morning, the Nasdaq's options market was halted due to a technical glitch. Regular stock trading was not affected.
Among stocks making big moves:
— The Container Store more than doubled on its first day of trading on the New York Stock Exchange. The company raised $225 million in its initial public offering, pricing 12.5 million shares at $18 each. The stock soared $18.20 to $36.20.
— First Solar jumped $8.83, or 18 percent, to $59.14. The solar panel maker said it had an adjusted profit of $2.28 per share for the third quarter, blowing past analysts' estimates of $1.13 per share, according FactSet.

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