Markets advance at midday

The markets continued to advance during the midday with Dow climbing 74 points to 18,032 as crude oil prices rose. Nasdaq gained 16 points to 4,991.

On the upside

Quantum (NYSE: QTM) reported strong preliminary fourth quarter earnings and revenue that surpassed previous guidance.

Rising crude oil prices lifted share of PostRock Energy (Nasdaq: PSTR).

Pre-orders for the Alcatel-Lucent (NYSE: ALU) OneTouch Idol 3 phone will begin on April 21.

On the downside

Mitel Networks (Nasdaq: MITL) appointed Wes Durow to the position of chief marketing officer.

GenCorp (NYSE: GY) widened losses for the first quarter as revenue fell.

Shares of Rite Aid (NYSE: RAD) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2100. Bitcoin lost $7 to $234.
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