The markets advanced during the midday with the Dow gaining 64 points to 16,009 as crude oil prices rose. Nasdaq climbed 37 points to 4,506.
On the upside
Memorial Production Partners (Nasdaq: MEMP) declared a quarterly cash distribution of 10 cents per unit payable on February 12, 2016 to unit holders of record February 5, 2016.
Rebounding crude oil prices lifted shares of Denbury Resources (NYSE: DNR).
Facebook (Nasdaq: FB) impressed with sharply higher fourth quarter earnings and revenue that surpassed analyst expectations as mobile ad revenue surged.
On the downside
OSI Systems (Nasdaq: OSIS) disappointed with sharply lower second quarter earnings and revenue that fell short of expectations and forecast full year results below estimates.
Global Partners (NYSE: GLP) cut its fourth quarter cash distribution.
NetScout Systems (Nasdaq: NTCT) fell to a loss for the third quarter and lowered its full year revenue forecast.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 gained 13 points to 1,896. Bitcoin dropped $11 to $383.
