The markets closed mixed with the Dow losing 21 points to 16,558 as jobless claims rose and consumer spending climbed. Nasdaq rose 12 points to 4,127.
On the upside
CytRx (Nasdaq: CYTR) swung to a profit for the first quarter.
Iridium Communications (Nasdaq: IRDM) reported higher first quarter earnings and revenue that topped analyst expectations.
First quarter earnings fell for Vonage Holdings (NYSE: VG) but the results beat analyst estimates.
On the downside
QuickLogic (Nasdaq: QUIK) narrowed losses for the first quarter as revenue climbed but the company forecast current quarter results below expectations.
Pacific Ethanol (Nasdaq: PEIX) widened losses for the first quarter even as revenue rose.
Stamps.com (Nasdaq: STMP) reported lower first quarter revenue that fell short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 held steady at 1883. Bitcoin rose $7.62 or 1.69% to $451.11.
