The markets opened higher with the Dow gaining 44 points to 20,217 as import prices rose 0.4% in January. Nasdaq added 2 points to 5,717.
On the upside
Sears Holdings (Nasdaq: SHLD) announced restructuring plan that will streamline operations and save $1.0 billion per year.
Sierra Wireless (Nasdaq: SWIR) reversed year ago losses to post a profit for the fourth quarter.
Infinera (Nasdaq: INFN) reported a smaller than expected loss for the fourth quarter.
On the downside
Yelp (NYSE: YELP) swung to a profit for the fourth quarter but the company forecast current quarter revenue that fell far short of analyst expectations.
Second quarter earnings for Ubiquiti Networks (Nasdaq: UBNT) missed estimates.
Organovo Holdings (Nasdaq: ONVO) reported a loss for the third quarter and slashed its full year revenue outlook.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index rose 4 points to 2,312. Bitcoin lost $5 to $959.
