Impressive Earnings Lift Markets To Higher Close

On the upside 

A jury ruled in ArvinMeritor's (NYSE: ARM) favor in the company's antitrust lawsuit against Eaton (NYSE: ETN).

First quarter earnings for Ruby Tuesday (NYSE: RT) rose despite lower revenue as the restaurant chain controlled expenses.

Ceragon Networks (Nasdaq: CRNT) will provide equipment to a leading WiMAX operator in North America.

On the downside

Finisar (Nasdaq: FNSRD) will sell $75 million worth of new bonds in order to pay down debt.

Stewart Information Services (NYSE: STC) plans to offer $60 million in senior convertible notes .

The chief financial officer of NCR (NYSE: NCR) resigned in order to accept a position at another company.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 607.