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Video: Pending Home Sales' Surprise Drop; Barnes & Noble Spikes

The S&P 500 is on track to close out its fifth straight day of gains.

Stocks moved higher with the S&P 500 on track to close out its fifth straight day of gains. The benchmark index was still underwater for the month, though. Gains were broad-based across all S&P sectors. 

Barnes & Noble Inc. (BKS) - Get Report rallied on reports it is exploring the possibility of selling itself. The bookstore chain has reportedly had talks with private-equity firms Apollo Global Management and Platinum Equity.

A measure on business conditions in Chicago held steady in August, better than an expected decline. New orders and production hit their highest level since June.

Pending home sales in July showed a surprise decline, its fourth drop in five months. The measure, which tracks signed real estate contracts, fell by 0.8%. Analysts expected a 0.5% rise.

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