Higher close as oil prices edge up

The markets closed higher with the Dow climbing 83 points to 17,716 as crude oil prices edged up. Nasdaq gained 22 points to 4,869.

On the upside

Lululemon Athletica (Nasdaq: LULU) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.

DragonWave (Nasdaq: DRWI) launched an online eCommerce store.

Argos Therapeutics (Nasdaq: ARGS) widened fourth quarter losses as revenue fell but the stock price climbed.

On the downside

Vince Holding (NYSE: VNCE) disappointed with lower fourth quarter earnings and revenue.

Profit taking weighed down shares of EP Energy (NYSE: EPE).

NeuStar (NYSE: NSR) senior vice president of sales Rob Gatto will leave the company.

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 gained 8 points to 2,063. Bitcoin slipped $1 to $412.

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