Financial News

Markets advance at midday

The markets advanced during the midday with the Dow gaining 57 points to 17,708. Nasdaq rose 11 points to 4,736.


On the upside


Legacy Reserves (Nasdaq: LGCY) swung to a profit for the first quarter.


Civeo (NYSE: CVEO) provided housing to residents who have been displaced by the Fort McMurray fire.


Continental Resources (NYSE: CLR) widened losses for the first quarter but the company lifted its full year production forecast.

On the downside


LSB Industries (NYSE: LXU) fell to a greater than expected loss for the first quarter as revenue dropped.


Fitbit (NYSE: FIT) reported lower first quarter earnings and forecast current quarter earnings below expectations.


Triangle Capital (NYSE: TCAP) disappointed with lower first quarter earnings and revenue that fell short of expectations and cut its quarterly dividend.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while advancers were on par with decliners on Nasdaq. The broader S&P 500 rose 6 points to 2,057. Bitcoin held steady at $445.

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