Higher close as budget deficit drops

The markets closed higher with the Dow gaining 40 points to 17,652 as the nation's 2014 budget deficit fell to a six year low. Nasdaq added 5 points to 4,680.

On the upside

Caesars Entertainment (Nasdaq: CZR) extended its gains.

The Wall Street Journal reported that Halliburton engaged in discussions to purchase Baker Hughes (NYSE: BHI).

InterCloud Systems (Nasdaq: ICLD) fell to a loss for the third quarter but revenue climbed.

On the downside

Alibaba Group (NYSE: BABA) proposed an offering of senior unsecured notes.

Standard & Poor's Ratings Services gave Twitter (NYSE: TWTR) a junk grade BB- corporate credit rating.

Vertex Energy (Nasdaq: VTNR) fell to a loss for the third quarter.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added a point to 2039. Bitcoin slipped $11 to $403.
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