Falling crude oil prices along with rising consumer confidence lifted the markets to a higher close with the Dow gaining 23 points to 13,005. Nasdaq climbed 20 points to 2986.
On the upside
Chemtura (NYSE: CHMT) swung to a profit for the fourth quarter.
eResearch Technology (Nasdaq: ERT) reported higher fourth quarter earnings that beat analyst expectations.
SunTrust upgraded Berry Petroleum (Nasdaq: BRY) to a Buy rating.
On the downside
Vivus (Nasdaq: VVUS) will sell 8.5 million shares of common stock.
Career Education (NYSE: CECO) fell to a fourth quarter loss and will delay recruiting a new chief executive.
Sprint Nextel (NYSE: S) abandoned plans to acquire MetroPCS Communications (NYSE: PCS).
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by nearly 10 to 9 to on Nasdaq. The Russell 2000 which tracks small cap stocks lost 2 points to 823.