An analyst upgrade of Research in Motion (Nasdaq: RIMM), maker of Blackberry devices, lifted its stock price.
Shares of the Kroger Company (NYSE: KR) rose after the grocery retailer posted higher revenues and earnings while raising its full-year outlook.
Shares of Coldwater Creek (Nasdaq: CWTR) surged after the women's clothing retailer announced a smaller than expected loss while analysts upgraded the stock.
On the downside
Costco Wholesale Corp. (Nasdaq: COST) announced a $7 per share dividend as November same-store sales climbed 6% which missed expectations.
Same-store sales for Kohl's (NYSE: KSS) dropped 5% in November while e-commerce activity failed to offset a drop in Black Friday sales.
Liquidity Services (Nasdaq: LQDT) tempered expectations for its online auction marketplace after postings higher earnings that missed estimates.
In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks jumped 8 points to 822.