The markets opened higher with the Dow rising 16 points to 14,528 after Cyprus reached a deal with the European Union to secure a bailout. Nasdaq added 7 points to 3252.
On the upside
Apollo Group (Nasdaq: APOL) reported sharply lower second quarter earnings as enrollment fell but the results were better than expected.
Dollar General (NYSE: DG) reported higher fourth quarter earnings that beat analyst expectations.
Mad Money's Jim Cramer rated Acadia Pharmaceuticals (Nasdaq: ACAD) a Buy.
On the downside
The Patent Office ruled that Idenix Pharmaceuticals (Nasdaq: IDIX) was the junior party in a patent dispute with Gilead Sciences (Nasdaq: GILD).
Goldman Sachs downgrade BlackBerry (Nasdaq: BBRY) to a Neutral rating.
BMO Capital Markets downgraded J.C. Penney (NYSE: JCP) to an Underperform rating.
In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index rose 4 points to 1561.
