Rising crude oil prices lifted the markets to a higher open with the Dow gaining 32 points to 18,005. Nasdaq added 7 points to 4,865.
On the upside
King Digital Entertainment (NYSE: KING) reported lower fourth quarter earnings and revenue but the results were better than expected.
CyberArk Software (Nasdaq: CYBR) impressed with sharply higher fourth quarter earnings and revenue that surpassed analyst expectations and forecast current quarter and full year results ahead of estimates.
Fourth quarter earnings and revenue surged for Columbia Sportswear (Nasdaq: COLM) to beat expectations.
On the downside
Zynga (Nasdaq: ZNGA) widened losses for the fourth quarter and forecast current quarter results that fell short of expectations.
MagnaChip Semiconductor (NYSE: MX) restated annual financial results for 2011, 2012 and 2013 and filed quarterly results for the first three quarters of 2014.
Knowles (NYSE: KN) fell to a loss for the fourth quarter as revenue dropped and forecast current quarter results below expectations.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 11 to 5 on Nasdaq. The broader S&P 500 added 2 points to 2091. Bitcoin climbed $13 to $234.
Higher open as oil rises
February 13, 2015 at 09:42 AM EST