The markets retreated from earlier highs as crude oil slipped but closed in positive territory with the Dow climbing 82 points to 17,574. Nasdaq gained 22 points to 5,045.
On the upside
Freeport-McMoRan (NYSE: FCX) cut its capital spending for 2016 and 2017 and suspended its annual dividend.
Allegheny Technologies (NYSE: ATI) will idle its Midland and GOES operations due to challenging market conditions.
Twitter (NYSE: TWTR) will begin displaying ads to users who do not log in.
On the downside
The New York Stock Exchange Regulation notified Arch Coal (NYSE: ACI) that it was not in compliance with the New York Stock Exchange's listing standards.
Concerns that Banco Bradesco's (NYSE: BBD) credit rating may be downgraded to junk status weighed down shares of the Brazilian bank.
Falling crude oil prices weighed down shares of Encana (NYSE: ECA).
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,052. Bitcoin added $1 to $416.
