The markets closed modestly higher with the Dow rising 7 points to 12,270 despite rising oil prices as investors welcomed upbeat earnings. Nasdaq gained 16 points to 2761.
On the upside
Delcath Systems (Nasdaq: DCTH) received CE Mark approval for its Hepatic CHEMOSTAT Delivery System which allows the company to market and sell the medical device to countries in the European Economic Area.
Alcatel-Lucent (NYSE: ALU) will upgrade and expand nTelos Holdings' (Nasdaq: NTLS) wireless broadband network in Hagerstown, Maryland.
Janney Capital analyst Tony Wible recommended GameStop (NYSE: GME) citing the company's conversion from a physical retail store to a digital forum for online gaming.
On the downside
Goldman Sachs lowered its earnings outlook on Artio Global (Nasdaq: ART) and cut its price target to $16.
The Federal Reserve required 16 top mortgage lenders including Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) to repay homeowners whose homes were improperly foreclosed.
Petrobras (NYSE: PBR) expects to restart a well test at the Guara offshore field soon after a rupture halted work.
In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a point to 823.
