Higher close on easing global tensions

The markets closed modestly higher with the Dow adding 16 points to 16,569 as another 72-hour cease fire in Gaza allowed for indirect peace negotiations to continue. Nasdaq gained 30 points to 4401.

On the upside

R.W. Baird analyst William Power affirmed his Outperform rating on Apple (Nasdaq: AAPL) citing increasing consumer interest in the iPhone 6.

Bitauto Holdings (NYSE: BITA) impressed with second quarter earnings that more than doubled from last year.

DealReporter said that Pandora Media (NYSE: P) may be targeted for a possible acquisition.

On the downside

Shares of Aemetis (Nasdaq: AMTX) extended its losses.

Northland Capital downgraded Thoratec (Nasdaq: THOR) from an Outperform rating to a Market Perform rating.

Analysts lowered their price targets on Zynga (Nasdaq: ZNGA) after the online social game maker cut its 2014 guidance last week.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 gained 5 points to 1936. Bitcoin fell $10 to $574.

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