Markets rebound as crude oil rises

The markets rebounded in late afternoon trading to close higher with the Dow gaining 53 points to 16,484 despite disappointing economic data as crude oil prices rose. Nasdaq climbed 39 points to 4,542.


On the upside


Tronox (NYSE: TROX) narrowed fourth quarter losses as revenue climbed.


Chemours (NYSE: CC) fell to a loss for the fourth quarter but the company amended its credit agreement.


Sequential Brands (Nasdaq: SQBG) reported a smaller than expected loss for the fourth quarter as revenue surged.


On the downside


Shares of Skyline Medical (Nasdaq: SKLN) continued falling.


Enphase Energy (Nasdaq: ENPH) fell to a greater than expected loss for the fourth quarter as revenue tumbled.


Adamas Pharmaceuticals (Nasdaq: ADMS) swung to a fourth quarter loss as revenue plunged.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 gained 8 points to 1,929. Bitcoin added $2 to $423.

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