Earnings Boost Markets

The markets opened higher with the Dow gaining 56 points to 16,504 on upbeat earnings. Nasdaq rose 5 points to 4,079.

On the upside

Amicus Therapeutics (Nasdaq: FOLD) reported positive results from a Phase 3 study of its Fabry monotherapy migalastat.

Banco Santander (NYSE: BSBR) reported better than expected earnings for the first quarter.

Amkor Technology (Nasdaq: AMKR) reported higher first quarter earnings and revenue that surpassed analyst expectations.

On the downside

Shares of Gogo (Nasdaq: GOGO) tumbled after AT&T (NYSE: T) announced plans to launch 4G LTE Internet access on continental U. S. flights in 2015.

Shares of Plug Power (Nasdaq: PLUG) continued falling.

Coach (NYSE: COH) disappointed with sharply lower third quarter earnings as revenue fell.

In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 rose 5 points to 1875. Bitcoin added $4.66 or 1.05% to $445.65.

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