Jobless Claims Rise Less Than Expected, Markets Close Mixed

It was a mixed close for the markets with the Dow losing 16 points to 16,408 as earnings disappointed but first time applications for jobless claims rose less than expected. Nasdaq rose 9 points to 4,095.

On the upside

Shares of Weibo (Nasdaq: WB) soared in its market debut.

Leju Holdings (NYSE: LEJU) stock surged on its first trading day.

Zynga (Nasdaq: ZNGA) introduced its new mobile game FarmVille 2: Country Escape.

On the downside

Investors locked in profits on Zalicus (Nasdaq: ZLCS).

Chipotle Mexican Grill (NYSE: CMG) reported higher first quarter earnings but the results fell short of analyst expectations as expenses rose and the fast casual Mexican restaurant chain announced its first price increase in three years.

First quarter earnings rose for Alliance Data Systems (NYSE: ADS) but revenue fell short of analyst expectations and the company forecast current quarter earnings below analyst estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by a margin of more than 5 to 3 on Nasdaq. The broader S&P 500 rose 2 points to 1864. Bitcoin lost $33.41 or 6.66% to $494.24.

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