Wall Street Holds Steady

At BP (BP Quote), lower energy prices and a drop-off in production led to a 22% decline in fourth-quarter earnings to $2.9 billion. BP slid 54 cents, or 0.9%, to $63.25.

After the close, Cisco (CSCO Quote) reported better-than-expected profits.

Wal-Mart (WMT Quote) made headlines again after the world's largest retailer said it is launching a beta version of its own video download service.

On Monday, the stock rose nearly 1% after Wal-Mart said that January same-store sales rose 2.2%, higher than the retailer's prior forecast of a 1% to 2% gain. Wal-Mart added 6 cents, or 0.1%, at $48.58.

Overseas, London's FTSE rose 0.5% at 6346, and Frankfurt's Xetra DAX tacked on 0.1% at 6876. Tokyo's Nikkei climbed 0.4% overnight to 17,406, and Hong Kong's Hang Seng added 1% to 20,655.