Markets rise at midday

The markets advanced during the midday with the Dow gaining 40 to 17,868. Nasdaq climbed 26 points to 4,928.

On the upside

Caleres (NYSE: CAL) reported lower first quarter earnings and revenue but the stock price rose.

Thermo Fisher Scientific (NYSE: TMO) will pay a premium of approximately $4.2 billion to acquire FEI (Nasdaq: FEIC).

Big Lots (NYSE: BIG) reported higher first quarter earnings and revenue that beat expectations and lifted its full year earnings outlook.

On the downside

Uni-Pixel (Nasdaq: UNXL) priced its public offering of 5.35 million common stock at the discounted price of $1.50 per share.

Investors locked in profits on Minerva Neurosciences (Nasdaq: NERV).

GameStop (NYSE: GME) reported lower first quarter earnings and revenue and forecast current quarter earnings below estimates.

In the broad market, advancing issued outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 6 points to 2,096. Bitcoin soared $20 to $470.