Modestly Higher Close Even As Lockdown Continues

Upbeat earnings lifted the markets to a modestly higher close with the Dow rising 10 points to 14,547 even as the lockdown in Boston continued. Nasdaq soared 39 points to 3206.

On the upside

Desarrolladora Homex (NYSE: HXM) will sell its stake in two prisons to avoid restructuring its debt.

Restoration Hardware (NYSE: RH) fell to a loss for the fourth quarter but the results were better than expected as revenue climbed.

Chipotle Mexican Grill (NYSE: CMG) reported higher first quarter earnings that beat expectations as revenue rose.

On the downside

Lattice Semiconductor (Nasdaq: LSCC) reported swung to a first quarter profit but the results fell short of expectations.

Performant Financial (Nasdaq: PFMT) priced its secondary offering of 6 million common shares at the discounted price of $12.00 per share.

Walter Energy (NYSE: WLT) rejected Audley Capital's accusations of mismanagement as baseless and inaccurate while urging all shareholders to support the ten nominees recommended by its Board.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index climbed 13 points to 1555.

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