February consumer sentiment rose more than expected to lift the markets to a sharply higher open with the Dow climbing 83 points to 16,355. Nasdaq gained 17 points to 4336.
On the upside
Central European Media Enterprises (Nasdaq: CETV) narrowed losses for the fourth quarter and announced a financing deal with Time Warner.
OmniVision Technologies (Nasdaq: OVTI) reported higher third quarter earnings that topped estimates.
Youku Tudou (NYSE: YOKU) narrowed fourth quarter losses more than expected.
On the downside
NII Holdings (Nasdaq: NIHD) reported a wider than expected loss as the company lost subscribers.
Endologix (Nasdaq: ELGX) narrowed fourth quarter losses but the medical device maker forecast 2014 revenue that fell short of expectations.
Compugen (Nasdaq: CGEN) priced its public offering of 6 million common shares at the discounted price of $10.50 per share.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 11 points to 1865. Bitcoin slipped $14.16 or 2.45% to $563.19.
