Wednesday’s trading session closed with gains. Brands prospered on stronger-than-anticipated new home sales. Sales stepped up 18 percent in August to 504,000 units, a level not seen since May 2008. Economists were expecting sales of 430,000.
Tuesday’s session ended in the red category. Stocks sold off amid geopolitics following news that a U.S. led coalition struck areas along the Syrian-Iraq border occupied by the Islamic State. In earnings moves, Bed Bath & Beyond reported quarterly results.
The Dow closed at another record level on Friday in the wake of the Alibaba debut. Shares of the e-commerce giant tacked on 38.07 percent to $93.89. Meanwhile, Yahoo! took a breather following the Alibaba IPO and Apple swept some profits as the iPhone 6 hit the streets.