Investors welcomed strong tech sector earnings by lifting the markets during the midday with the Dow rising 11 points to 15,520. Nasdaq edged up a fraction to 3929.
On the upside
Deckers Outdoor (Nasdaq: DECK) reported lore third quarter earnings but the results were better than expected.
Callaway Golf (Nasdaq: ELY) narrowed third quarter losses more than expected as revenue rose prompting the company to lift its full year outlook.
Cliffs Natural Resources (NYSE: CLF) named Gary B. Halverson to the position of president and chief operating officer.
On the downside
Synaptics (Nasdaq: SYNA) reported sharply higher first quarter earnings and revenue but the company forecast second quarter revenue that fell short of analyst expectations.
Investors locked in profits on Ocean Power Technologies (Nasdaq: OPTT).
Rayonier (NYSE: RYN) disappointed with sharply lower third quarter earnings that missed expectations.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancer by 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 1754.
