The broader market rose to multi-year highs, as investors dismissed a series of mixed earnings reports as well as disappointing economic news. Q1 GDP expanded at an annual rate of 1.8%. Weekly initial jobless claims came in worse than expected. NASDAQ showed weakness. After the closing bell, Microsoft beat estimates but fell 1.42%. Research in Motion plunged 12% after the BlackBerry maker cut its revenue forecast, citing lower than expected demand for smartphones.
