The markets advanced during the midday with the Dow gaining 70 points to 17,035 as crude oil prices rose. Nasdaq climbed 21 points to 4,670.
On the upside
Peabody Energy (Nasdaq: BTU) amended its third quarter financials.
Shares of EXCO Resources (NYSE: XCO) climbed as crude oil prices rebounded.
Amazon (Nasdaq: AMZN) leased 20 Boeing freighters from Air Transport Services Group (Nasdaq: ATSG).
On the downside
CAS Investment Partners said that due to low crude oil prices, the total royalty payout to BP Prudhoe Bay Royalty Trust (NYSE: BPT) shareholders would be $12.04 per share by 2020.
Hovnanian Enterprises (NYSE: HOV) widened first quarter losses more than expected and announced that the homebuilder would exit certain markets.
ZAGG (Nasdaq: ZAGG) disappointed with sharply lower fourth quarter earnings and revenue.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 11 points to 1,990. Bitcoin added $2 to $413.
