Wholesale sales climbed more than expected to lift the markets higher during the midday with the Dow rising 46 points to 10,831 as wholesale inventories rose less than expected. Nasdaq gained 20 points to 2395.
On the upside
Maguire Properties (NYSE: MPG) reported better than expected first quarter funds from operations.
Rising gold prices lifted shares of Goldcorp (NYSE: GG), Kinross Gold (NYSE: KGC) and Iamgold (NYSE: IAG).
First quarter earnings for Maidenform (NYSE: MFB) doubled as revenue climbed.
On the downside
BPZ Resources (NYSE: BPZ) reported a loss for the first quarter.
VisionChina Media (Nasdaq: VISN) swung to a first quarter loss as revenue fell.
Quicksilver Gas (NYSE: KGS) reported lower first quarter earnings as expenses rose.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 698.
