Markets advance as Euro stocks recover

The markets advanced during the midday with the Dow adding 14 points to 17,760 as European stocks recovered. Nasdaq gained 20 points to 5,149.

On the upside

SkyWest (Nasdaq: SKYW) reversed year ago losses to post a better than expected profit for the second quarter.

Avolon Holdings (NYSE: AVOL) is considering two acquisition offers, one for $30 per share and the second for $31 per share.

Second quarter earnings surged for Molina Healthcare (NYSE: MOH) to surpass expectations by a wide margin.

On the downside

World Fuel Services (NYSE: INT) disappointed with sharply lower second quarter earnings that fell far short of analyst expectations.

DigitalGlobe (NYSE: DGI) reported higher second quarter earnings and revenue but investors were disappointed that the company merely affirmed its full year outlook rather than increasing its forecast.

Credit Suisse and JPMorgan both downgraded LINN Energy (Nasdaq: LINE) from Neutral to Underperform and Underweight.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 2112. Bitcoin slipped $1 to $282.