Rebounding crude oil prices along with a 0.2% gain in January retail sales lifted the markets to a higher open with the Dow soaring 155 points to 15,815. Nasdaq gained 26 points to 4,292.
On the upside
Groupon (Nasdaq: GPN) reported a smaller than expected loss as revenue rose.
Bargain hunters lifted shares of Avon Products (NYSE: AVP).
Ellie Mae (NYSE: ELLI) reported higher fourth quarter earnings and revenue that beat expectations.
On the downside
Activision Blizzard (Nasdaq: ATVI) reported lower fourth quarter earnings and revenue that fell short of analyst expectations.
LPL Financial Holdings (Nasdaq: LPLA) disappointed with sharply lower fourth quarter earnings that missed expectations.
Pandora Media (NYSE: P) fell to a greater than expected loss for the fourth quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 climbed 14 points to 1,843. Bitcoin rose $4 to $384.
