Closing Bell

Kansas City Southern, YRC, UMB, Waddell & Reed lead the way

Updated: 2013-05-14T22:09:20Z

Regional stocks enjoyed a fine day in the stock market Tuesday, with Kansas City Southern in particular gaining ground.

Shares in the railroad company gained 4.4 percent to close at $116.34. Other rail stocks also rallied.

An analyst report probably had something to do with Kansas City Southern’s rally. The stock rallied possibly over an analyst's speculation that it could be an attractive buyout target because of its extensive network in Mexico.

Earlier, Desjardins Securities analyst Benoit Poirier speculated that Kansas City would be an attractive buyout target for either Canadian National Railway or Canadian Pacific Railway.

There was no indication that talks were even being held.

Other regional stocks that closed higher included Waddell & Reed, UMB Financial, Kansas City Southern, and Great Plains Energy.

On the short end, Compass Minerals fell .2 percent.

Overall, the stock market closed in record territory again after an upturn in small-company stocks.

A survey released Tuesday by the National Federation of Independent Business found that small business owners were slightly more optimistic in April.

That helped send the Russell 2000 index of small company stocks up 1.3 percent, more than other market indexes.

The Dow Jones industrial average rose 123.57 points, or 0.82 percent, to close at 15,215.25. It was the 18th straight Tuesday of gains for the Dow.

The Standard and Poor's 500 index rose 16 points to 1,650, or 1 percent.

The Nasdaq composite rose 23 points to 3,462, a gain of 0.7 percent.

The BATS 1000 rose 204.41 points, or 1.11 percent, to close at 18,594.18.

Sony jumped 10 percent after a hedge fund manager proposed that the company be broken up.

Regional stocks

Capitol Federal Financial rose 6 cents, or 0.50%, to close at $12.00.

Cerner Corp. rose 64 cents, or 0.67%, to close at $95.69.

Commerce Bancshares Inc. rose 41 cents, or 1.00%, to close at $41.47.

Compass Minerals fell 14 cents, or 0.16%, to close at $88.19.

DST Systems Inc. rose 19 cents, or 0.27%, to close at $69.68.

Ferrellgas Partners L.P. rose 15 cents, or 0.73%, to close at $20.68.

Garmin Ltd. rose 3 cents, or 0.08%, to close at $35.50.

Great Plains Energy rose 30 cents, or 1.26%, to close at $24.09.

H&R Block Inc. rose 37 cents, or 1.34%, to close at $27.93.

Inergy L.P. rose 57 cents, or 2.40%, to close at $24.34.

Kansas City Life Insurance Co. rose 48 cents, or 1.28%, to close at $37.84.

Kansas City Southern rose $4.88, or 4.38%, to close at $116.34.

Layne Christensen Co. rose $1.02, or 5.00%, to close at $21.43.

O'Reilly Automotive Inc. rose $2.24, or 2.04%, to close at $111.89.

Sprint Nextel Corp. rose 8 cents, or 1.11%, to close at $7.26.

UMB Financial Corp. rose $1.12, or 2.21%, to close at $51.81.

Waddell & Reed Financial Corp. rose $1.51, or 3.38%, to close at $46.18.

YRC Worldwide Inc. rose $1.40, or 9.71%, to close at $15.82.

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