Markets turn positive

The markets advanced during the midday with the Dow rising 29 points to 16,948. Nasdaq added a point to 4528.

On the upside

Second quarter earnings dropped for American Eagle Outfitters (NYSE: AEO) but the results were better than expected.

The Hain Celestial Group (Nasdaq: HAIN) reported sharply higher fourth quarter earnings that topped analyst estimates as revenue climbed to a record high.

Leju Holdings (NYSE: LEJU) reported second quarter earnings that more than doubled as revenue surged.

On the downside

Shares of Xunlei (Nasdaq: XNET) fell ahead of its earnings release after market close.

Vringo (Nasdaq: VRNG) subsidiary I/P Engine will petition for an en banc review with the appeals court in its case against AOL, Google, et al.

La-Z-Boy (NYSE: LZB) reported higher first quarter earnings but the results fell short of analyst expectations.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 added a point to 1983. Bitcoin added $17 to $497.

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