The markets rebounded to close modestly higher with the Dow gaining 34 points to 16,899 as crude oil prices edged up. Nasdaq rose 13 points to 4,703.
On the upside
Rising crude oil prices lifted shares of Unit (NYSE: UNT).
Shares of United States Steel (NYSE: X) climbed after the Commerce Department announced tariffs on cold-rolled steel imports.
Chesapeake Energy (NYSE: CHK) co-founder and former chief executive Aubrey McClendon, who was indicted yesterday on anti-trust charges, died in a car crash this morning.
On the downside
Four banks may not provide loans to finance SunEdison's (NYSE: SUNE) acquisition of Vivent Solar (NYSE: VSLR).
Shares of Global Ship Lease (NYSE: GSL) continued to fall.
Profit taking weighed down shares of Himax Technologies (Nasdaq: HIMX).
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 1,986. Bitcoin lost $2 to $429.
