Bargain hunters lifted the markets to a higher close with the Dow climbing 72 points to 15,445. Nasdaq gained 34 points to 4031.
On the upside
Fourth quarter earnings doubled for Lionbridge Technologies (Nasdaq: LIOX) as revenue climbed.
Integrated Device Technology (Nasdaq: IDTI) reversed year ago losses to post a better than expected profit for the third quarter.
Headwaters (NYSE: HW) narrowed first quarter losses more than expected as revenue rose prompting the company to lift its full year earnings outlook.
On the downside
Peregrine Semiconductor (Nasdaq: PSMI) fell to a greater than expected loss for the fourth quarter and forecast current quarter revenue below estimates prompting downgrades.
Dun & Bradstreet (NYSE: DNB) disappointed with lower fourth quarter earnings that fell short of analyst expectations.
Nu Skin Enterprises (NYSE: NUS) reported preliminary fourth quarter earnings above expectations but the stock price tumbled.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 gained 13 points to 1755. Bitcoin slipped $14.66 or 1.59% to $922.00.
