Markets edge up even as jobless claims rise

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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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