Gain in consumer sentiment lifts markets

A gain in consumer sentiment lifted the markets during the midday with Dow soaring 122 points to 17,963. Nasdaq climbed 36 points to 4,978.

On the upside

InterCloud Systems (Nasdaq: ICLD) won a professional services contract valued at approximately $3 million and announced that it's backlog of new business has climbed to more $36 million.

Nektar Therapeutics (Nasdaq: NKTR) reversed year ago losses to post a stronger than expected profit for the first quarter.

Ellie Mae (NYSE: ELLI) reported sharply higher first quarter earnings and revenue that surpassed analyst expectations and forecast current quarter as well as full year results ahead of estimates.

On the downside

Accuray (Nasdaq: ARAY) narrowed third quarter losses but the company lowered its full year forecast.

First quarter earnings and revenue fell for Cooper Tire & Rubber (NYSE: CTB) to miss expectations.

Insulet (Nasdaq: PODD) widened first quarter losses more than expected as revenue fell and the company forecast current quarter revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 climbed 15 points to 2100. Bitcoin slipped $2 to $234.
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