The markets recovered earlier losses to close higher with the Dow climbing 79 points to 17,740 as average hourly earnings and the average work week both rose. Nasdaq gained 19 points to 4,736.
On the upside
DeVry Education (NYSE: DV) reported higher first quarter earnings that topped analyst estimates.
Synchronoss Technologies (Nasdaq: SNCR) reported a smaller than expected loss for the first quarter.
QLogic (Nasdaq: QLGC) reported higher first quarter earnings that beat expectations
On the downside
Barclay's said that Chesapeake Energy (NYSE: CHK) stock was worth only $1 per share.
El Pollo Loco (Nasdaq: LOCO) disappointed with lower first quarter earnings that missed analyst estimates.
Valeant Pharmaceuticals (NYSE: VRX) formed a new committee to establish prices for its drugs.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 6 points to 2,057. Bitcoin rose to $456.
