Modestly Higher Close On Improving Retail Sales

The markets closed modestly higher with the Dow adding 5 points to 14,455 as February retail sales rose more than expected. Nasdaq rose 2 points to 3245.

On the upside

BlackBerry (Nasdaq: BBRY) received an order for 1 million BlackBerry 10 smartphones.


Stifel Nicolaus upgraded DreamWorks (Nasdaq: DWA) from a Sell rating to a Hold rating.


Trius Therapeutics (NYSE: TSRX) widened fourth quarter losses less than expected.


On the downside


Dole Food (NYSE: DOLE) fell to a greater than expected loss for the fourth quarter as revenue dropped.


Western Refining (NYSE: WNR) priced its private offering of $350 million in senior unsecured notes.


McEwen Mining (NYSE: MUX) announced results from metallurgical studies of its Los Azules Copper Project in Argentina.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index rose 2 points to 1554.

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