Mixed Markets As Consumer Sentiment Falls Less Than Expected

The markets traded mixed during the midday with the Dow rising 12 points to 14,713 while Nasdaq lost 11 points to 3278 as consumer sentiment slipped less than expected in April.

On the upside

Robert W. Baird upgraded SunPower (Nasdaq: SPWR) to an Outperform rating.

Third quarter earnings surged for Synaptics (Nasdaq: SYNA) to surpass analyst expectations by a wide margin as revenue soared.

D. R. Horton (NYSE: DHI) reported sharply higher second quarter earnings that more than doubled to beat analyst estimates as revenue surged.

On the downside

Key Energy Services (NYSE: KEG) fell to an unexpected loss for the first quarter as revenue dropped.

Covidien (NYSE: COV) disappointed with lower second quarter earnings that fell short of expectations.

Expedia (Nasdaq: EXPE) widened first quarter losses even as revenue climbed and the online travel service cut its full year earnings outlook.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 3 points to 1582.

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