Consumer sentiment climbed in June to a two and a half year high to lift the markets modestly higher during the midday with the Dow adding 5 points to 10,158. Nasdaq rose 11 points to 2229.
On the upside
ATP Oil & Gas (Nasdaq: ATPG) replaced its $100 million revolving credit facility with a new $150 million term loan facility.
Oracle (Nasdaq: ORCL) reported higher fourth quarter earnings that topped analyst estimates with Sun contributing over $400 million in income.
Netlist (Nasdaq: NLST) will be added to the Russell Microcap Index.
On the downside
Synutra International (Nasdaq: SYUT) priced its public offering of 3.3 million shares of common stock at $19 per share.
Alpine Total Dynamic Dividend Fund (NYSE: AOD) and Alpine Global Dynamic Dividend Fund (NYSE: AGD) announced reductions in their monthly distributions for July, August and September.
AeroVironment (Nasdaq: AVAV) reported higher fourth quarter earnings that beat expectations but its backlog orders tumbled.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 640.
