An 18% surge in new home sales last month boosted the markets during the midday with the Dow climbing 84 points to 17,140. Nasdaq soared 29 points to 4,537.
On the upside
Shares of Cyber-Ark Software (Nasdaq: CYBR) surged in its market debut.
Green Dot (NYSE: GDOT) launched its GoBank checking account exclusively at Wal-Mart (NYSE: WMT).
Bed Bath & Beyond (Nasdaq: BBBY) reported higher second quarter earnings and revenue that topped analyst estimates.
On the downside
Profit taking sank shares of BioFuel Energy (Nasdaq: BIOF).
AAR (NYSE: AIR) disappointed with lower first quarter earnings and revenue that missed expectations prompting the company to lower its full year guidance.
Alfa-Bank increased its credit facility for Net Element (Nasdaq: NETE).
In the broad market, advancing issues outpaced decliners by a margin of 9 to 7 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 1991. Bitcoin lost $8 to $425.
