Crude oil prices rose to lift the markets to a higher close with the Dow climbing 96 points to 20,217. Nasdaq gained 18 points to 5,734.
On the upside
KBS Fashion Group (Nasdaq: KBSF) completed its 1-for-15 reverse stock split yesterday.
Immunomedics (Nasdaq: IMMU) entered an exclusive global licensing agreement with Seattle Genetics (Nasdaq: SGEN) for Seattle Genetics to develop, manufacture and commercialize Immunomedics' tumor therapy candidate IMMU-132.
Activision Blizzard (Nasdaq: ATVI) reported higher fourth quarter earnings and revenue that beat expectations and announced a $1 billion stock repurchase plan.
On the downside
Fourth quarter revenue for ChannelAdvisor (NYSE: ECOM) missed estimates.
iPass (Nasdaq: IPAS) reported a loss for the fourth quarter.
Cardtronics (Nasdaq: CATM) reported higher fourth quarter earnings and revenue but the stock price tumbled.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by 2 to 1 on Nasdaq. The broader S&P 500 index gained 8 points to 2,316. Bitcoin edged up to $998.
