The markets opened higher with the Dow rising 28 points to 21,040 even as wholesale inventories rose 0.2% in March. Nasdaq gained 28 points to 6,131.
On the upside
Investment holding company YSK1860 acquired the 416,249 shares of Cleantech Solutions International (Nasdaq: CLNT) that were previously held by Cleantech Solutions chief executive Xinhua Wu and his affiliates.
Wayfair (NYSE: W) reported a smaller than expected loss for the first quarter as revenue climbed.
Diplomat Pharmacy (NYSE: DPLO) reported a greater than expected profit for the first quarter.
On the downside
Hertz Global Holdings (NYSE: HTZ) widened first quarter losses more than expected as revenue slipped.
Scynexis (Nasdaq: SCYX) reported a loss for the first quarter.
AmTrust Financial Services (Nasdaq: AFSI) disappointed with sharply lower first quarter earnings that fell short of expectations.
The broader S&P 500 rose 3 points to 2,403. Bitcoin soared $91 to $1705.
