Markets recover to close modestly higher

The markets recovered its losses to close modestly higher with the Dow adding 3 points to 17,515. Nasdaq gained 20 points to 4,654.

On the upside

Shares of ChinaNet Online Holdings (Nasdaq: CNET) climbed after TheStreet's Jim Cramer said that the Chinese economy was strengthening.

Evercore expects sales of Gilead's (Nasdaq: GILD) hepatitis-C treatment to surpass expectations.

PetMed Express (Nasdaq: PETS) reported higher third quarter earnings that topped analyst estimates.

On the downside

Advaxis (Nasdaq: ADXS) will host its Analyst & Investor Day on February 3, 2015.

Fourth quarter earnings more than doubled for iGate (Nasdaq: IGTE) but the results fell short of expectations.

Falling crude oil prices weighed down shares of Pengrowth Energy (NYSE: PGH).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 added 3 points to 2022. Bitcoin held steady at $209.
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