Mixed close as earnings disappoint

It was a mixed close for the markets with the Dow rising 13 points to 17,990 as disappointing earnings tempered enthusiasm for rising crude oil prices. Nasdaq slipped 7 points to 4,888.


On the upside


American Midstream (NYSE: AMID) acquired interests in Gulf of Mexico midstream infrastructure and incremental ownership in Delta House for approximately $225 million.


Tenneco (NYSE: TEN) reported higher first quarter earnings and revenue that topped analyst estimates and lifted its full year revenue forecast.


InVivo Therapeutics (Nasdaq: NVIV) announced that the sixth-implanted patient in the INSPIRE study has improved from a complete AIS A spinal cord injury to an incomplete AIS B spinal cord injury.

On the downside


Amira Nature Foods (NYSE: ANFI) reported lower six month earnings and revenue.


Barnes Group (NYSE: B) reported lower first quarter earnings and revenue.


First quarter earnings and revenue fell for Corning (NYSE: GLW).


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added 3 points to 2,091. Bitcoin rose $2 to $464.

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