January 25, 2013 at 09:36 AM EST
Higher Open On Strong Earnings
Strong corporate earnings lifted the markets to a higher open with the Dow rising 37 points to 13,862. Nasdaq climbed 16 points to 3147.
On the upside
Informatica (Nasdaq: INFA) reported lower earnings but the results were better than expected.
Shares of Bright Horizons (Nasdaq: BFAM) surged in its market debut.
On the downside
Select Comfort (Nasdaq: SCSS) reported lower fourth quarter earnings that fell short of analyst expectations and forecast 2013 income below estimates. BG Medicine (Nasdaq: BGMD) priced its public offering of 6 million common shares at the discounted price of $2 per share.
8x8 (Nasdaq: EGHT) reported lower third quarter earnings prompting a downgrade.
In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 index held gained 5 points to 1500.
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