A surge in LinkedIn's stock price on its initial trading day lifted the markets during the midday with the Dow gaining 34 points 12,594. Nasdaq rose 9 points to 2824.
On the upside
Disclosure that billionaire investor David Tepper purchased shares of US Airways (NYSE: LCC) in the first quarter lifted shares of the airline.
Investing website Tickerspy added social networking site Renren (NYSE: RENN) to its Chinese Internet Stocks index.
Delta Air Line (NYSE: DAL) will cut costs by reducing capacity, aircraft count and trans-Atlantic flights.
On the downside
YRC Worldwide (Nasdaq: YRCW) warned that it may be delisted from Nasdaq as the transportation services company restructures.
Advance Auto Parts (NYSE: AAP) disappointed with flat first quarter earnings that fell short of analyst expectations.
Williams-Sonoma (NYSE: WSM) reported sharply higher first quarter earnings that topped estimates but the stock price fell.
In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 833.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here