The markets advanced in afternoon trading to close higher with the Dow rising 32 points to a record 16,583. Nasdaq gained 20 points to 4,071.
On the upside
Shares of Doral Financial (NYSE: DRL) surged on no news and the company said that it does not comment on unusual market activity.
RadNet (Nasdaq: RDNT) reported better than expected earnings for the first quarter and lifted its full year earnings outlook.
Tuesday Morning (Nasdaq: TUES) narrowed third quarter losses more than expected.
On the downside
DepoMed (Nasdaq: DEPO) swung to a profit for the first quarter but the results fell short of analyst expectations and the pharmaceutical forecast full year earnings below estimates.
Echo Therapeutics (NYSE: ECTE) narrowed first quarter losses but revenue fell.
FutureFuel (NYSE: FF) disappointed with lower first quarter earnings and revenue that missed expectations.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 1878. Bitcoin rose $10.39 or 2.33% to $445.90.
