Despite rising crude oil prices and a pledge by President Donald Trump to bring back millions of jobs, the markets closed mixed with the Dow gaining 34 points to 20,810. Nasdaq lost 25 points to 5,835.
On the upside
Kemet (NYSE: KEM) will acquire Japanese passive electronic equipment maker NEC Tokin.
Cemtrex (Nasdaq: CETX) provided a robust business outlook.
Moody's downgraded Hornbook Offshore Services' (NYSE: HOS) Corporate Family Rating from Caa1 to Caa3 but the stock price climbed.
On the downside
Ocwen Financial (NYSE: OCN) reported a loss for the fourth quarter.
Fourth quarter earnings surged for Weibo (Nasdaq: WB) but the results fell short of expectations.
QEP Resources (NYSE: QEP) widened losses significantly for the fourth quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE while decliners edged out advancers by more than 7 to 5 on Nasdaq. The broader S&P 500 index edged up a fraction to 2,363. Bitcoin soared $27 to $1,142.
