Banks May Repay Loan, Markets Climb

&lt;p&gt;Treasury Secretary Timothy Geithner's comments that some banks may be permitted to repay government bailout loans lifted the markets higher during the midday with the Dow climbing 67 points to 7908. Nasdaq soared 23 points to 1631.&lt;/p&gt;<br /> &lt;p&gt;&lt;strong&gt;On the upside&lt;/strong&gt;&lt;/p&gt;<br />

&lt;p&gt;QLogic (Nasdaq: QLGC) introduced a new 8Gb Fibre Channel connectivity solution for the new HP BladeSystem Matrix that delivers twice the data as the previous generation 4Gb adapter.&lt;/p&gt;<br />

&lt;p&gt;Tenet Healthcare (NYSE: THC) swung to a first quarter profit and lifted its full year guidance.&lt;/p&gt;<br />

&lt;p&gt;Although first quarter earnings for Teck Cominco (NYSE: TCK) fell, the results topped estimates and revenue rose.&lt;/p&gt;<br />

&lt;p&gt;&lt;strong&gt;On the downside&lt;/strong&gt;&lt;/p&gt;<br />

&lt;p&gt;Kendle (Nasdaq: KNDL) warned that first quarter earnings will fall short of expectations prompting a downgrade.&lt;/p&gt;<br />

&lt;p&gt;Zions Bancorp (Nasdaq: ZION) swung to a first quarter loss due to a significant impairment charge.&lt;/p&gt;<br />

&lt;p&gt;First quarter earnings for Bank of New York Mellon (NYSE: BAC) plunged prompting the bank to cut its dividend.&lt;/p&gt;<br />

&lt;p&gt;In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than &amp;nbsp;5&amp;nbsp;to&amp;nbsp;3 on Nasdaq.&amp;nbsp; The Russell 2000 which tracks small cap stocks surged 13 points to 466. &lt;/p&gt;