January 25, 2013 at 17:29 PM EST
Upbeat Earnings Lifts Markets To Higher Close
Upbeat earnings lifted the markets to a higher close with the Dow gaining 70 points to 13,895. Nasdaq rose 19 points to 3149.
On the upside
Oshkosh (Nasdaq: OSK) reported higher first quarter earnings that beat analyst expectations and lifted its full year earnings guidance.
Second quarter earnings slipped for Synaptics (Nasdaq: SYNA) but the results were better than expected prompting upgrades.
On the downside
Macquarie Group analyst Jasper Burch wrote that MGIC Investment (NYSE: MTG) was over valued and recommended that investors sell the stock. ScanScource (Nasdaq: SCSC) reported lower second quarter earnings and forecast current quarter results below expectations.
Shares of Apple (Nasdaq: AAPL) continued falling after reporting disappointing iPhone sales.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index gained 8 points to 1502.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here