April 30, 2008 at 12:15 PM EDT
Mid-Day Report

The markets rose during the midday in anticipation of another interest rate cut. The Dow soared 110 points to 12,942 while Nasdaq climbed 17 points to 2443.

On the upside

Although first quarter earnings tumbled for Arris Group (Nasdaq: ARRS), the results surpassed estimates prompting an upgrade.

International growth boosted first quarter earnings for Cummins (NYSE: CMI) to beat analyst expectations.

CommScope (NYSE: CTV) swung to a first quarter loss due to acquisition related charges but the results topped estimates.

On the downside

Although strong demand lifted first quarter earnings for Garmin (Nasdaq: GRMN), the results fell short of analyst expectations.

Chicago Bridge & Iron (NYSE: CBI) reported higher first quarter earnings but the results missed estimates due to higher expenses.

Valero Energy (NYSE: VLO) blamed soaring crude oil prices that weighed down margins for sharply lower first quarter earnings.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 6 points to 725.
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
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here