Closing Bell: U.S. Stocks Recover; Etsy Beats Sales Forecasts

Wednesday's trading was in tight lockstep with commodity markets as crude bounced back to positive ground.
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The day's trading was in tight lockstep with commodity markets. Stocks recovered in the final hours as crude bounced back to positive ground thanks to a smaller-than-expected increase in weekly oil inventories. Etsy (ETSY) jumped after fourth-quarter sales jumped 35% on strong demand during the holiday-shopping season. The online crafts store expects sales growth of 20% to 25% over the next three years. DreamWorks (DWA) rocketed higher after reporting its best revenue in nearly a decade. The movie studio benefited from better-than-expected results in its feature film segment. Fitbit (FIT) ended lower after Barclays nearly halved its price target to $24. Analysts said they expect weaker earnings this year, though remain bullish on the fitness tracker company's growth potential. TheStreet's Keris Lahiff has details from Wall Street.