Markets Recover Losses

The markets recovered early morning losses to trade modestly higher with the Dow adding 7 points to 16,520. Nasdaq rose 5 points to 4,129.

On the upside

Arotech (Nasdaq: ARTX) received new orders totaling $5.2 million for its battery division.

Westlake Chemical (NYSE: WLK) reported higher first quarter earnings and revenue that surpassed analyst expectations.

Bargain hunters lifted shares of Pharmacyclics (Nasdaq: PCYC).

On the downside

Kosmos Energy (NYSE: KOS) reported higher first quarter earnings but revenue fell.

First quarter earnings tumbled for Trex (NYSE: TREX) as revenue slipped.

Shares of Plug Power (Nasdaq: PLUG) continued falling after fuel cell maker ClearEdge Power filed for bankruptcy protection last week.

In the broad market, declining issues outpaced advancers by a margin of 4 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 added a point to 1882. Bitcoin slipped $3.21 or 0.75% to $429.06.

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