The markets opened higher with the Dow rising 35 points to 21,819 ahead of Federal Reserve chair Janet Yellen's speech. Nasdaq climbed 22 points to 6,293.
On the upside
Splunk (Nasdaq: SPLK) narrowed second quarter losses more than expected and lifted its full year forecast.
Pure Storage (NYSE: PSTG) reported a smaller than expected loss for the second quarter and lifted its full year revenue forecast.
Marvell Technology (Nasdaq: MRVL) reported higher second quarter earnings that topped analyst estimates.
On the downside
GameStop (NYSE: GME) reported lower second quarter earnings that fell short of expectations.
Ulta (Nasdaq: ULTA) reported higher second quarter earnings that beat expectations but the stock price fell as sales growth slowed.
Veeva Systems (NYSE: VEEV) reported higher second quarter earnings and revenue but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by a margin of nearly 7 to 3 on Nasdaq. The broader S&P 500 rose 6 points to 2,444. Bitcoin soared $120 to $4,353.
