Anticipation of a Republican victory for the House lifted the markets to a higher close on election day with the Dow gaining 64 points to 11,188. Nasdaq climbed 28 points to 2533.
On the upside
Third quarter earnings rose for Cabela'a (NYSE: CAB) on higher revenue and improved margins.
W&T Offshore (NYSE: WTI) reversed year ago losses to post a profit for the third quarter.
Privately held Stefanini International Holdings will acquire TechTeam Global (Nasdaq: TEAM) in a deal valued at approximately $93.4 million.
On the downside
Microvision (Nasdaq: MVIS) widened losses more than expected prompting downgrades.
Gramercy Capital (NYSE: GKK) reversed year ago losses but occupancy rate fell in its realty unit.
Marathon Oil (NYSE: MRO) reported higher third quarter earnings that beat analyst expectations but the company warned that full year output will be at the low end of expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 14 points to 712.
