Despite the impending possibility of military strikes against Syria, the markets closed higher with the Dow gaining 48 points to 14,824. Nasdaq rose 14 points to 3593.
On the upside
Plains All American Pipeline offered to purchase the remaining shares of PAA Natural Gas Storage (NYSE: PNG) that it did not already own.
Hindu Business Line reported that Sify Technologies (Nasdaq: SIFY) may offer telecom services over the Internet.
Shares of Lee Enterprises (NYSE: LEE) continued rising after a Seeking Alpha contributor wrote last week that the stock price may double.
On the downside
Profit taking sank shares of Prana Biotechnology (Nasdaq: PRAN) .
LTX-Credence (Nasdaq: LTXC) fell to a loss for the fourth quarter as revenue dropped.
Retreating gold prices weighed down share of AngloGold Ashanti (NYSE: AU), Gold Fields (NYSE: GFI) and Harmony Gold (NYSE: HMY).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 added 4 points to 1634.
