Dow Closes Flat While Tech Stocks Boost Nasdaq

The markets ended the day mixed with the Dow closing flat at 16,501 while the tech heavy Nasdaq gained 21 points to 4,148 on strong earnings from Apple.

On the upside

Reuters reported that Elizabeth Arden (Nasdaq: RDEN) retained the services of Goldman Sachs to explore a potential sale of the cosmetics company.

VASCO Data Security International (Nasdaq: VDSI) reported higher first quarter earnings and revenue.

Ultratech (Nasdaq: UTEK) fell to a loss for the first quarter but the company expects a stronger second half of the year.

On the downside

Parametric Sound (Nasdaq: HEAR) priced its public offering of 4 million common shares at the discounted price of $10.00 per share.

Clearfield (Nasdaq: CLFD) reported sharply higher second quarter earnings and revenue but the results fell short of analyst expectations.

Tsakos Energy Navigation (NYSE: TNP) priced its public offering of 11 million common shares at the discounted price of $7.30 per share.

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 7 to 5 on Nasdaq. The broader S&P 500 added 3 points to 1878. Bitcoin rose $4.29 or 0.88% to $489.95.

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