Markets advance ahead of Fed minutes release

The markets markets advanced during the midday with the Dow surging 133 points to 16,507 as investors await the release of minutes from the Federal Reserve's last meeting. Nasdaq gained 21 points to 4,118.

On the upside

Chimerix (Nasdaq: CMRX) priced its secondary offering of 7.3 million common shares at $14.22 per share.

Qiwi (Nasdaq: QIWI) reported sharply higher first quarter earnings as revenue surged prompting the company to increase its full year outlook.

Jefferies upgraded Nokia (NYSE: NOK) from a Hold rating to a Buy rating.

On the downside

Investors locked in profits on Liquid Holdings Group (Nasdaq: LIQD).

First quarter earnings plunged for American Eagle Outfitters (NYSE: AEO) as revenue slipped and the teen apparel retailer forecast second quarter earnings that fell far short of analyst expectations. The retailer will also close 150 stores.

ViaSat (Nasdaq: VSAT) fell to a loss for the fourth quarter even as revenue rose.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 climbed 10 points to 1883. Bitcoin rose $8.96 or 1.83% to $488.81.

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