The markets traded modestly higher during with the Dow adding 11 points to 11,996 despite upbeat earnings as investors digest Standard & Poor's downgrade of Japan. Nasdaq gained 16 points to 2756.
On the upside
Cirrus Logic (Nasdaq: CRUS) reported third quarter earnings that doubled from last year to top analyst estimates as revenue surged.
Fourth quarter earnings for Teradyne (NYSE: TER) more than tripled to beat analyst expectations as revenue leaped and the semiconductor testing equipment maker forecast first quarter results ahead of estimates.
January same-store sales for Rite Aid (NYSE: RAD) soared 1.1%.
On the downside
Motorola Mobility (NYSE: MMI) swung to a fourth quarter profit but warned of losses for the current quarter as smartphone sales slow.
