Housing starts drop but markets open higher

The markets opened higher with the Dow gaining 41 points to 21,023 despite an unexpected drop in April housing starts. Nasdaq rose 9 points to 6,158.


On the upside


xG Technology (Nasdaq: XGTI) swung to a profit for the first quarter as revenue surged.


SINA (Nasdaq: SINA) reported sharply higher first quarter earnings and revenue.


First quarter earnings and revenue surged for Weibo (Nasdaq: WB).


On the downside


EnteroMedics (Nasdaq: ETRM) widened losses for the first quarter as revenue plunged.


Dick's Sporting Goods (NYSE: DKS) reported first quarter same store sales that fell short of expectations.

Kornit Digital (Nasdaq: KRNT) priced its secondary offering of 4.25 million common shares at the discounted price of $20.60 per share.


The broader S&P 500 added a point to 2,403. Bitcoin fell $3 to $1696.


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