The nation's economy expanded at a greater than expected pace in the second quarter to lift the markets during the midday with the Dow gaining 62 points to 14,887. Nasdaq climbed 33 points to 3626.
On the upside
Methode Electronics (NYSE: MEI) reported sharply higher first quarter earnings that more than tripled as sales surged.
National Bank of Greece (NYSE: NBG) reported a better than expected profit for the first half of the year as loan loss provisions dropped.
K12 (NYSE: LRN) reported higher fourth quarter earnings that topped analyst estimates as revenue rose.
On the downside
Signet Jewelers (NYSE: SIG) reported lower second quarter earnings and forecast current quarter earnings below estimates.
Opko Health (NYSE: OPK) completed its acquisition of PROLOR Biotech.
Cimatron (Nasdaq: CIMT) priced its public offering of 900,000 ordinary shares at the discounted price of $6 per share.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 7 points to 1642.
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