Crude oil prices continued climbing to lift the markets to a higher open with the Dow gaining 65 points to 16,402. Nasdaq added 6 points to 4,511.

On the upside

Taylor Swift will develop a new mobile game with Glu Mobile (Nasdaq: GLUU).

TheStreet wrote that Freeport-McMoRan (NYSE: FCX) had the potential to double.

Hersha Hospitality Trust (NYSE: HT) will form a joint venture with Cindat Capital Management for seven Manhattan hotels.

On the downside

Ralph Lauren (NYSE: RL) disappointed with lower third quarter earnings and revenue and lowered its full year forecast.

Kohl's (NYSE: KSS) cut its full year earnings guidance.

GoPro (Nasdaq: GPRO) fell to a greater than expected loss for the fourth quarter and forecast current quarter as well as full year revenue below expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 1,916. Bitcoin climbed $16 to $384.