Crude oil prices rebounded to lift the markets higher during the midday with the Dow climbing 70 points to 16,710. Nasdaq gained 26 points to 4,617.
On the upside
Shares of SeaDrill (NYSE: SDRL) continued rising.
FBR Capital analyst Christopher S. James upgraded Keryx Biopharmaceuticals (Nasdaq: KERX) from a Market Perform rating to an Outperform rating.
Fourth quarter earnings and revenue climbed for BroadSoft (Nasdaq: BSFT) to beat expectations.
On the downside
Endo International (Nasdaq: ENDP) fell to a loss for the fourth quarter.
Ocwen Financial (NYSE: OCN) reported a loss for the fourth quarter.
Raymond James downgraded Southwestern Energy (NYSE: SWN).
In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 gained 8 points to 1,956. Bitcoin rose $5 to $436.
