The markets closed higher with the Dow gaining 72 points to 21,963 on strong corporate earnings. Nasdaq climbed 14 points to 6,362.
On the upside
Sprint (NYSE: S) reversed year ago losses to post a profit for the first quarter.
Shopify (NYSE: SHOP) reported a smaller than expected loss for the second quarter as revenue soared.
Second quarter earnings and revenue surged for Horizon Global (NYSE: HZN) to beat expectations prompting the company to lift its full year earnings outlook.
On the downside
Sequans Communications (NYSE: SQNS) widened losses for the second quarter.
Kona Grill (Nasdaq: KONA) widened second quarter losses more than expected.
Sabre (Nasdaq: SABR) fell to a loss for the second quarter and announced that it will eliminate approximately 900 jobs.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 rose 6 points to 2,476. Bitcoin plunged $56 to $2636.