The markets continued to advance during the midday with the Dow soaring 126 points to 10,317 as credit card delinquencies fell last month. Nasdaq surged 40 points to 2284.
On the upside
US Airways (NYSE: LCC) reported a 50% surge in business travel.
Vonage Holdings (NYSE: VG) will join the Russell 3000 Index beginning June 25.
The Food and Drug Administration approved AtriCure's (Nasdaq: ATRC) AtriClip system for use during open heart treatment of atrial fibrillation.
On the downside
La-Z-Boy (NYSE: LZB) reported higher fourth quarter earnings that topped analyst estimates but the company cautioned that a weak economy may weigh on fiscal 2011.
Callaway Golf (NYSE: ELY) forecast second quarter results well below analyst expectations prompting a downgrade.
General Maritime (NYSE: GMR) will offer 25.5 million common shares.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 659.
