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The group got a lift from the troubled department store owner J.C. Penney, which said it was pleased with its turnaround efforts. The company's stock ended the day up 30 cents, or 3 percent, at $10.42. Shares, however, fell more than 5 percent in after-markets trading following the company's announcement that it planned to sell up to 96.6 million shares of common stock in a public offering. It was the latest indication the chain is looking to shore up its cash reserves. Bed Bath & Beyond also gave the industry a boost. The stock climbed $3.32, or 4 percent, to $77.54 after the company said its quarterly profit increased 11 percent. Other stock indexes rose. The Dow Jones industrial average climbed 55 points, or 0.4 percent, to 15,328. The Nasdaq climbed 26 points, or 0.7 percent, to 3,787. In government bond trading, the yield on the 10-year note edged up to 2.64 percent from 2.63 percent late Wednesday. Among other stocks making big moves; Hertz fell $4.15, or 16 percent, to $21.63 after the car rental company cut its earnings and revenue forecasts because of weaker-than-expected demand at U.S. airports. Caesars Entertainment slipped $1.08, or 5 percent, to $19.84 after the company said late Wednesday that it plans to sell up to 11.5 million of its shares in a public offering.
[Associated
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