The markets closed mixed with the Dow rising 32 points to 16,550 after Federal Reserve chair Janet Yellen told Congress that long term unemployment and income inequality would hinder the economic recovery. Nasdaq lost 16 points to 4,051.
On the upside
ENGlobal (Nasdaq: ENG) swung to a profit for the first quarter as revenue rose.
First quarter earnings fell for Halcon Resources (NYSE: HK) but the results were better than expected as revenue climbed to top analyst estimates.
Mitel (Nasdaq: MITL) widened losses for the first quarter but revenue soared.
On the downside
RMG Networks (Nasdaq: RMGN) widened first quarter losses more than expected as revenue fell.
Roundy's (NYSE: RNDY) fell to a greater than expected loss for the first quarter.
Molycorp (Nasdaq: IPAS) widened first quarter losses more than expected as revenue dropped.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 5 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 slipped 2 points to 1875. Bitcoin eased $4.29 or 0.98% to $435.76.
