Mixed Close As GDP Revised Downward

The markets closed mixed with the Dow rising 49 points to 16,321 as the nation’s fourth quarter Gross Domestic Product was revised downward. Nasdaq lost 10 points to 4308. 

On the upside 

Shares of China Ming Yang Wind Power (NYSE: MY) continued rising.

MercadoLibre (Nasdaq: MELI) reported higher fourth quarter earnings and revenue that surpassed analyst expectations.

Fourth quarter earnings and revenue rose for Tumi Holdings (NYSE: TUMI) to top estimates.

On the downside

Clean Energy Fuels (Nasdaq: CLNE) reported a wider than expected loss for the fourth quarter as revenue fell. 

Deckers Outdoor (Nasdaq: DECK) reported higher fourth quarter earnings but the company forecast a loss for the first quarter.

Halozyme Therapeutics (Nasdaq: HALO) widened fourth quarter losses more than expected as revenue tumbled.

In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 5 points to 1859. Bitcoin lost $25.00 or 4.33% to $552.35.

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