Bank of America Corp. (ticker: BAC) rose 85 cents, or 6.4 percent, to $14.19; the bank will post a $2 billion charge and expects to take a $3 billion provision in the fourth quarter as it buys back home loans. Office-supply chain Office Depot ( ODP) added 43 cents, or 8 percent, to reach $5.83 as a Janney analyst raised his investment rating. Consumer-goods maker Clorox Co. ( CLX) fell $1.71, or 2.7 percent, to $61.57 as it expects quarterly profit to miss Wall Street expectations.
Bookseller Barnes & Noble ( BKS) gained $1.27, or 9 percent, to reach $15.42 as strong sales of the Nook e-reader drove a key revenue measure 9.7 percent higher during the holiday season. Drug developer Inspire Pharmaceuticals ( ISPH), fell $4.93, or 58.7 percent, to $3.47 as its potential cystic-fibrosis drug failed to meet key treatment goals in a late-stage study.
On the Big Board: Rising issues outpaced decliners by nearly 3-to-1 on consolidated volume of 4.40 billion shares, up from 1.96 billion Friday.
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