It was a mixed close for the markets with the Dow rising 49 points to 11,871 as investors digested corporate earnings news. Nasdaq fell 14 points to 2689.
On the upside
SunTrust Banks (NYSE: STI) reversed year ago losses to post a better than expected profit for the fourth quarter.
Tempur-Pedic (NYSE: TPX) reported higher fourth quarter earnings that topped estimates as sales climbed.
Online Resources (Nasdaq: ORCC) received several unsolicited acquisition offers.
On the downside
Emulex (NYSE: ELX) disappointed by swinging to a loss for the second quarter.
