Mixed close as earnings fall short while crude oil climbs

The markets closed mixed with the Dow climbing 51 points to 18,041 while Nasdaq dropped 25 points to 4,863. Earnings continued to disappoint while crude oil prices rose to settle above $45 per barrel.


On the upside


Resonant (Nasdaq: RESN) signed its first licensing agreement with an existing tier one client.


Shares of Hercules Offshore (Nasdaq: HERO) rose as crude oil prices advanced.


DryShips (Nasdaq: DRYS) filed its annual report with the Securities and Exchange Commission.

On the downside


The potential for increased regulation of electronic payments in Russia weighed down shares of Qiwi (Nasdaq: QIWI).


Stifel Nicolaus analyst Jim Duffy downgraded Crocs (Nasdaq: CROX) from a Buy rating to a Hold rating.


Blackhawk Network Holdings (Nasdaq: HAWK) fell to a loss for the first quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 3 points to 2,095. Bitcoin tumbled $11 to $450.

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