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September 01, 2020 10:18am
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Rise In Homebuilder Confidence Lifts Markets

The markets advanced during the midday with the Dow gaining 66 points to 15,281 as homebuilder confidence climbed in May. Nasdaq rose 8 points to 3471.

On the upside

Shares of Himax Technologies (Nasdaq: HIMX) continued rising after a Seeking Alpha article said that the stock price would climb.

Comstock Holding (Nasdaq: CHCI) reversed year ago losses to post a profit for the first quarter.

Nomura expects Trina Solar’s (NYSE: TSL) margins to improve in the second quarter and that the company will post a profit in 2014.

On the downside

Western Asset Mortgage Capital (NYSE: WMC) reported a loss for the first quarter.

Computer Sciences (NYSE: CSC) swung to a profit for the fourth quarter but revenue fell to miss analyst expectations.

First Majestic Silver (NYSE: AG) reported higher first quarter revenue and earnings but the results fell short of expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index gained 8 points to 1658.

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