Markets rebound to close modestly higher

The markets rebounded to close modestly higher with the Dow adding 11 points to 20,821. Nasdaq rose 9 points to 5,845.


On the upside


Applied Optoelectronics (Nasdaq: AAOI) reported sharply higher fourth quarter earnings as revenue soared.


Fourth quarter earnings for Universal Display (Nasdaq: OLED) climbed as revenue rose.


Bargain hunters lifted shares of Build-A-Bear Workshop (NYSE: BBW).


On the downside


Function(x) (Nasdaq: FNCX) priced its public offering of approximately 4.57 million common shares at the discounted price of $1.05 per share.


Ashford Hospitality Trust (NYSE: AHT) widened losses for the fourth quarter.

Zoe's Kitchen (NYSE: ZOES) fell to a loss for the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by 10 to 9 on Nasdaq. The broader S&P 500 index added 3 points to 2,367. Bitcoin slipped $1 to $1,163.


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