The markets turned positive during the midday with the Dow rising 10 points to 15,335 as consumer sentiment climbed more than expected in May to a six year high. Nasdaq added 3 points to 3494.
On the upside
Guess (NYSE: GES) reported lower first quarter earnings but the results were better than expected.
Susquehanna Financial Group analyst Chris Rigg said that Health Management Associates (NYSE: HMA) was a good acquisition target for Community Health Systems (NYSE: CYH).
Bargain hunters snapped up shares of Affymax (Nasdaq: AFFY).
On the downside
A Seeking Alpha article questioned the quality of Uni-Pixel’s (Nasdaq: UNXL) products.
Shares of Yingli Green Energy (NYSE: YGE) continued falling after reporting a wider first quarter loss yesterday.
Investors locked in profits on Canadian Solar (Nasdaq: CSIQ).
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index eased a fraction to 1653.
