Homebuilders sentiment climbs, markets rise

The markets traded higher during the midday with Dow gaining 66 points to 18,103 as homebuilders sentiment increased. Nasdaq climbed 24 points to 5,001.

On the upside

Shares of Aduro Biotech (Nasdaq: ADRO) more than doubled on its first trading day.

Intel (Nasdaq: INTC) reported higher first quarter earnings.

Rising crude oil prices lifted shares of offshore drilling services provider Seadrill (NYSE: SDRL).

On the downside

Shares of Advaxis (Nasdaq: ADXS) fell as rival Aduro Biotech (Nasdaq: ADRO) made its market debut.

Bank of America (NYSE: BAC) swung to a profit as litigation expenses dropped but low interest rates continued to impact earnings.

Starwood Property Trust (NYSE: STWD) priced its public offering of 12 million common shares at an undisclosed price.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 2106. Bitcoin added $5 to $220.