Strong Regional Manufacturing Activity Lifts Markets To Higher Close

Strong manufacturing activity in the mid-Atlantic region lifted the markets to a higher close with the Dow gaining 29 points to 12,318. Nasdaq rose 6 points to 2831.

On the upside

Fourth quarter earnings more than doubled for Cliffs Natural Resources (NYSE: CLF) on higher prices and increased demand.

Cabela's (NYSE: CAB) reported sharply higher fourth quarter earnings that nearly quadrupled to surpass analyst expectations by a wide margin.

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