Higher Close On January Surplus

The markets closed modestly higher with the Dow climbing 47 points to 14,018 after the federal government reported a surplus in January. Nasdaq slipped 5 points to 3186.

On the upside

Barclays (NYSE: BCS) will eliminate at least 3,700 jobs as part of the bank's restructuring plan.

CNO Financial Group (NYSE: CNO) reported higher fourth quarter earnings and revenue.

Shares of LDK Solar (NYSE: LDK) climbed in anticipation of lower costs after the solar wafer maker upgrades a polysilicon plant.

On the downside

Comstock Resources (NYSE: CRK) widened fourth quarter losses more than expected.

Deustche Bank initiated coverage of Cincinnati Bell (NYSE: CBB) with a Hold rating.

Operations at McEwen Mining's (NYSE: MUX) 49% owned San Jose mine were halted last Monday after 76 employees contracted gastroenteritis.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 1519.

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