The markets recovered earlier losses to close higher with
the
Dow gaining 29 points to 11,896 as private employers added more jobs than expected in June. Nasdaq climbed 23 points to
2693.
On the upside
US Airways (NYSE: LCC) reported a 4.9% increase in July traffic and an 8% gain in passenger revenue per available seat mile.Bargain hunters lifted shares of Eastman Kodak (NYSE: EK), whose stock price has fallen since adopting a shareholder rights plan on Monday.
Quanta Services (NYSE: PWR) reported lower second quarter earnings but the results beat analyst expectations and the company forecast full year results ahead of estimates.
Second quarter earnings beat expectations for Owens Corning (NYSE: OC) but the company cut its earnings growth outlook for the year.
Mueller Water Products (NYSE: MWA) disappointed with a loss for the third quarter as revenue fell.
Kraton Performance Polymers (Nasdaq: KRA) reported higher second quarter earnings but the results fell short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 5 points to 772.
