On the upsideRaytheon (NYSE: RTN) posted higher 1st quarter profits and raised its full-year outlook due to strong sales of missiles and defense equipment.
PNC Financial Services Group (NYSE: PNC) took investors by surprise and reported an increase in earnings boosted by cost savings from its purchase of National City Corp.
Shares of eBay (Nasdaq: EBAY) surged after the online auction and e-commerce provider posted lower revenues and earnings that surpassed expectations.
Strong sales of iPhones boosted Apple (Nasdaq: AAPL) which reported higher profits that beat estimates.
On the downside
Scientific instrument maker Thermo Fisher Scientific (NYSE: TMO) reported lower profits and sales while slashing its outlook for the year.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks added a points to 471.