Markets advance as crude oil rebounds

Rebounding crude oil prices lifted the markets during the midday with the Dow rising 12 points to 18,298. Nasdaq gained 18 points to 5,090.

On the upside

Youku Tudou (NYSE: YOKU) widened losses for the first quarter but revenue climbed to top estimates.

Shares of PGA Holdings (NYSE: PGND) surged on its first trading day.

Trina Solar (NYSE: TSL) received the Innovation Award for its Duo-Max module at the Mexico International Renewable Energy Conference.

On the downside

Xunlei (Nasdaq: XNET) reported a loss for the first quarter as revenue fell.

Open Text (Nasdaq: OTEX) announced that president and chief executive Mark J. Barrenechea will resume full involvement in day-to-day operations of the company and that the company will restructure its business to support its Cloud strategy.

Bruker (Nasdaq: BRKR) chief financial officer Charles F. Wagner, Jr. resigned.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 5 points to 2131. Bitcoin added $2 to $236.