Trade Deficit Narrows, Markets Close Higher

A narrowing of the nation's trade deficit in December lifted the markets to a higher close with the Dow climbing 83 points to 11,755. Nasdaq gained 20 points to 2737.

On the upside

Active Power (Nasdaq: ACPW) will provide power conditioning and protection for the 2011 Nordic World Ski Championships with its PowerHouse solution system.

Affymetrix (Nasdaq: AFFX) announced that it will post a fourth quarter profit and that it signed a distribution agreement across the United States and Canada with Thermo Fisher Scientific for its GeneAtlas system.

Fourth quarter earnings slipped for H. B. Fuller (NYSE: FUL) but the results topped analyst estimates.

On the downside

Wedbush Morgan downgraded Thoratec (Nasdaq: THOR).

The Food and Drug Administration delayed ruling on KV Pharmaceutical's (NYSE: KV-A) preterm birth treatment Gestiva and instead requested additional data.

Although Las Vegas Sands (NYSE: LVS) appealed Macau's rejection of its application to develop land sites 7 and 8 along the Cotai strip, chief executive Sheldon Adelson said that he was not interested in investing in those two sites.

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