Markets edge up even as jobless claims rise


A greater than expected increase in first time applications for unemployment benefits tempered enthusiasm for upbeat earnings new. The markets closed in positive territory with the Dow adding 6 points to 20,981. Nasdaq gained 23 points to 6,048.

On the upside

Shares of Floor & Decor Holdings (NYSE: FND) surged in its market debut.

Medical Transcription Billing (Nasdaq: MTBC) signed two new clients that together will generate more than $1 million in recurring annual revenues beginning in the third quarter 2017.

Ultra Clean Holdings (Nasdaq: UCTT) reversed year ago losses to post a stronger than expected profit for the first quarter.

On the downside

CARBO Ceramics (NYSE: CRR) widened first quarter losses more than expected.

KapStone Paper and Packaging (NYSE: KS) disappointed with sharply lower first quarter earnings that fell short of expectations.


First quarter earnings and revenue dropped for FTI Consulting (NYSE: FCN) to miss analyst estimates.

In the broad market, advancing issues were on par with decliners while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 2,388. Bitcoin soared $34 to $1316.

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