Higher open as crude oil rises

Rising crude oil prices lifted the markets to a higher open with the Dow gaining 47 points to 17,698. Nasdaq held steady at 4,725.


On the upside


Synacor (Nasdaq: SYNC) won a portal services contract with AT&T (NYSE: T) that could generate up to $100 million in revenue annually.


EP Energy (NYSE: EPE) reported better than expected earnings for the first quarter.


Atlas Air Worldwide (Nasdaq: AAWW) reported better than expected earnings for the first quarter and announced that it will provide air cargo services to Amazon (Nasdaq: AMZN).

On the downside


Pernix Therapeutics (Nasdaq: PTX) reported a loss for the first quarter as revenue fell.


Weatherford International (NYSE: WFT) widened losses more than expected for the first quarter as revenue tumbled.


Roadrunner Transportation Systems (NYSE: RRTS) disappointed with sharply lower first quarter earnings that fell short of expectations prompting the company to lower its full year earnings outlook.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added 3 points to 2,054. Bitcoin held steady at $445.

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