The markets closed mixed with the Dow losing 35 points to 20,054 while Nasdaq gained 8 points to 5,682 over corporate earnings reports.
On the upside
Aehr Test Systems (Nasdaq: AEHR) received an order from a subcontractor to its lead customer for its FOX-XP test and burn-in system products.
Coherent (Nasdaq: COHR) impressed with sharply higher first quarter earnings that beat analyst expectations by a wide margin.
Universal (NYSE: UVV) reported higher third quarter earnings and revenue.
On the downside
DryShips (Nasdaq: DRYS) reported a loss for the fourth quarter as revenue plunged.
Akamai Technologies (Nasdaq: AKAM) reported higher fourth quarter earnings and revenue but the stock price fell.
SPS Commerce (Nasdaq: SPSC) reported lower fourth quarter earnings.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and while decliners edged out advancers by nearly 9 to 7 on Nasdaq. The broader S&P 500 index edged up a point to 2,294. Bitcoin held steady at $1,043.
