The markets recovered its losses to close modestly higher with the Dow adding 3 points to 17,515. Nasdaq gained 20 points to 4,654.
On the upside
Shares of ChinaNet Online Holdings (Nasdaq: CNET) climbed after TheStreet's Jim Cramer said that the Chinese economy was strengthening.
Evercore expects sales of Gilead's (Nasdaq: GILD) hepatitis-C treatment to surpass expectations.
PetMed Express (Nasdaq: PETS) reported higher third quarter earnings that topped analyst estimates.
On the downside
Advaxis (Nasdaq: ADXS) will host its Analyst & Investor Day on February 3, 2015.
Fourth quarter earnings more than doubled for iGate (Nasdaq: IGTE) but the results fell short of expectations.
Falling crude oil prices weighed down shares of Pengrowth Energy (NYSE: PGH).
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 added 3 points to 2022. Bitcoin held steady at $209.
Markets recover to close modestly higher
January 20, 2015 at 18:12 PM EST