Higher open a jobless claims drop

The markets opened higher with the Dow gaining 45 points to 24,128 as first time applications for unemployment benefits fell to its lowest level in more than 48 years. Nasdaq surged 77 points to 7080.

On the upside

Chipotle Mexican Grill (NYSE: CMG) reported higher first quarter earnings that beat expectations.

AMD (Nasdaq: AMD) reversed year ago losses to post a stronger than expected profit for the first quarter as revenue rose.

First quarter earnings surged for Penn National Gaming (Nasdaq: PENN) to top expectations as revenue climbed.

On the downside

Spectrum Brands (NYSE: SPB) reported lower second quarter earnings that fell short of expectations.

First quarter earnings for LKQ (Nasdaq: LKQ) missed expectations prompting the company to lower its full year forecast.

MGM Resorts International (NYSE: MGM) reported higher first quarter earnings and revenue but revenue at the company's domestic resorts slipped.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 gained 12 points to 2,651. Bitcoin crashed $330 to $8,845.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.