Assurances by Federal Reserve chair Janet Yellen that interest rates would remain low lifted the markets during the midday with the Dow climbing 81 points to 16,599. Nasdaq gained 20 points to 4,088.
On the upside
Keurig Green Mountain (Nasdaq: GMCR) reported higher second quarter earnings and revenue that topped analyst estimates.
Cincinnati Bell (NYSE: CBB) reversed year ago losses to post a profit for the first quarter.
Walter Investment Management (NYSE: WAC) reported lower first quarter earnings but the results surpassed analyst expectations and the company forecast full year earnings ahead of expectations.
On the downside
Investors Bancorp (Nasdaq: ISBC) completed its conversion from a mutual holding company structure to a 100% publicly owned company.
Liquidity Services (Nasdaq: LQDT) disappointed with sharply lower second quarter earnings that fell short of expectations, forecast current quarter earnings below estimates and cut its full year earnings guidance.
Molycorp (NYSE: MCP) widened first quarter losses more than expected as revenue dropped.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 6 points to 1884. Bitcoin eased $2.64 or 0.60% to $437.41.
