Markets retreat from early morning highs

The markets retreated from early morning highs but continued trading in positive territory with the Dow climbing 49 points to 17,626 as crude oil prices rose. Nasdaq gained 13 points to 4,864.


On the upside


International Finance and IFC Asset Management invested approximately $107.7 million in Net 1 Ueps Technologies (Nasdaq: UEPS).


Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).


Amyris (Nasdaq: AMRS) received a $5 million equity investment from the Bill and Melinda Gates Foundation.


On the downside


Hertz Global (NYSE: HTZ) cut its first quarter forecast.


Shares of Great Basin Scientific (Nasdaq: GBSN) extended its losses.


Moody's Investors Service has placed PHH's (NYSE: PHH) ratings on review for a possible downgrade.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on the NYSE and by 7 to 5 on Nasdaq. The broader S&P 500 rose 5 points to 2,052. Bitcoin added $1 to $420.

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