Midday movers: Baidu, CarMax

Stocks are higher following the unexpected early release of minutes from the Fed's last rate-setting meeting.

By MSN Money Partner Apr 10, 2013 1:39PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Earnings season picked up a little steam, with reports from ADTRAN (ADTN) and CarMax (KMX) sending their shares higher, while Titan Machinery (TITN) and Fastenal (FAST) declined following their quarterly results announcements.

Among the notable gainers was Baidu (BIDU), which rose over 6% following an upgrade to Buy from Hold at 86 Research. 

Also trading higher were a number of ADTRAN's peers, including Finisar (FNSR), up nearly 7%, and Ciena (CIEN), up about 6%, following the telecommunication equipment provider's better than expected report. 

Among the noteworthy losers were Health Management Associates (HMA), which fell 17% after its preliminary view of its quarterly results fell short of expectations, and Bio-Reference Labs (BRLI), which slid 7% in an apparent delayed reaction to a "whistleblower" suit filed against it last week but widely circulated today.
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