Closing Bell: Lululemon Hit With Wave of Downgrades; Dow Leads Wall Street Higher

Wall Street ends with modest gains with the Dow Jones Industrial Average leading the charge on strength in the financials sector.
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Wall Street ended with modest gains with the Dow Jones IndustrialAverage leading the charge on strength in the financials sector. The blue-chip index remains on track for a monthly loss, though, its first since the election. Lululemon(LULU) - Get Report was one of the worst performers on markets after guiding for a disappointing first quarter, leading analysts to pile on the downgrades. Citi, Wells Fargo and Bank of America each cut their rating on the stock. Extreme Networks(EXTR) - Get Report surged after partnering with Broadcom(AVGO) - Get Report to acquire Brocade's (BRCD) data center networking business. The all-cash deal was worth $55 million. ConocoPhillips(COP) - Get Report led the energy sector after securing a deal to sell its interest in oil sands assets to Cenovus Energy (CVE) - Get Report . Cowen analysts said the "unexpected big deal" would be viewed positively by shareholders.