The opened higher with the Dow rising 27 points to 21,839 as first time applications for unemployment benefits rose less than expected last week. Nasdaq gained 16 points to 6,294.
On the upside
Signet Jewelers (NYSE: SIG) reported higher second quarter earnings that topped analyst estimates.
The Michaels Companies (Nasdaq: MIK) reported better than expected earnings for the second quarter.
Second quarter earnings and revenue climbed for Dollar Tree (Nasdaq: DLTR) to surpass expectations.
On the downside
Hormel Foods (NYSE: HRL) disappointed with lower third quarter earnings and revenue.
First quarter earnings and revenue fell for J.M. Smucker (NYSE: SJM).
Investors locked in profits on Snap (NYSE: SNAP).
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on both the NYSE and on Nasdaq. The broader S&P 500 added 3 points to 2,447. Bitcoin soared $79 to $4,160.
