A stronger than expected gain in consumer confidence lifted the markets during the midday with the Dow climbing 85 points to 15,923. Nasdaq added 3 points to 4087.
On the upside
Sanmina (Nasdaq: SANM) reported sharply higher first quarter earnings that beat analyst expectations prompting an upgrade.
First quarter earnings soared for D.R. Horton (NYSE: DHI) to surpass analyst expectations as average home prices rose.
Shares of Millennial Media (NYSE: MM) extended its gains.
On the downside
Seagate Technology (Nasdaq: STX) disappointed with lower second quarter earnings that fell short of analyst expectations and forecast current quarter revenue below estimates.
Fourth quarter earnings plunged for Rent-A-Center (Nasdaq: RCII) to miss expectations by a wide margin.
Tile Shop Holdings (Nasdaq: TTS) reported preliminary fourth quarter revenue that fell short of expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 gained 9 points to 1790. Bitcoin rose $30.92 or 3.21% to $963.01.
