Publish date:

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.

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.

TST Recommends