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April 20, 2012 at 14:49 PM EDT
Markets Advance As German Business Confidence Rose
Business confidence unexpectedly rose in Germany to boost the markets higher during the midday with the Dow climbing 85 points to 13,049. Nasdaq rose 8 points to 3016.
On the upside
TD Securities upgraded Cameco (NYSE: CCJ) to a Buy rating.
SkyPeople Fruit Juice (Nasdaq: SPU) announced that an independent auditor verified the company's cash balances held in financial institutions in China.
NCR (NYSE: NCR) reported higher first quarter earnings that surpassed analyst expectations as revenue climbed.
On the downside
Altera (Nasdaq: ALTR) disappointed with sharply lower first quarter earnings that missed analyst expectations as revenue plunged.
Lattice Semiconductor (Nasdaq: LSCC) fell to a greater than expected loss for the first quarter.
Patriot Coal (NYSE: PCX) cited weak demand due to the mild winter for idling another thermal coal mine.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 8 points to 806.
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