The markets opened higher with the Dow soaring 135 points to 14,702 on strong corporate earnings. Nasdaq climbed 31 points to 3265.
On the upside
Netflix (Nasdaq: NFLX) reversed year ago losses to post a better than expected profit for the first quarter.
Coach (NYSE: COH) reported higher third quarter earnings that topped analyst estimates as revenue rose.
Pentair (NYSE: PNR) will trade ex-dividend tomorrow, April 24, 2013.
On the downside
TheStreet Ratings reiterated its Hold rating on Staples (Nasdaq: SPLS).
Deutsche Bank downgraded Newmont Mining (NYSE: NEM) yesterday to a Sell rating.
Bank of America/Merrill Lynch downgraded Yum! Brands (NYSE: YUM) from a Buy rating to an Underperform rating and lowered its earnings estimates on the fast food restaurant operator.
The broader S&P 500 index gained 13 points to 1576.
