Mixed Close Over Rising Gas Prices

Rising gasoline prices dampened enthusiasm for the payroll tax cut extension. The markets closed mixed with the Dow climbing 46 points to 12,950 while Nasdaq lost 8 points to 2951.

On the upside

Cloud based digital media solutions provider Brightcove (Nasdaq: BCOV) surged on its first trading day.

Fusion-io (NYSE: FIO) said that it does not comment on rumors or unusual market activity.

Demand Media (NYSE: DMD) narrowed fourth quarter earnings more than expected as revenue rose.

On the downside

CapitalSource (NYSE: CSE) reversed year ago losses but the results fell far short of analyst expectations.

Qlik Technologies (Nasdaq: QLIK) reported higher fourth quarter earnings but the results missed estimates.

Analysts expect Walter Energy (NYSE: WLT) to report lower fourth quarter earnings next week.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 828.

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