A successful bond auction in Spain lifted the markets during the midday with the Dow rising 13 points to 13,046. Nasdaq gained 11 points to 3043.
On the upside
EBay (Nasdaq: EBAY) reported higher first quarter earnings that beat analyst expectations as revenue climbed.
First quarter earnings for Boston Scientific (NYSE: BSX) more than doubled due to a lower tax rate.
Peabody Energy (NYSE: BTU) reported lower first quarter earnings due to a mild winter but the results surpassed analyst expectations.
On the downside
Stanley Black & Decker (NYSE: SWK) disappointed with sharply lower first quarter earnings that fell short of analyst expectations.
New York Attorney General Eric Schneiderman sued Sprint (NYSE: S) for failing to collect more than $100 million in taxes from customers over a seven year period.
Gentex (Nasdaq: GNTX) reported higher first quarter earnings as revenue rose but the company forecast current quarter revenue below analyst estimates.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 805.