The Nasdaq composite rose 15.69, or 0.5 percent, to 3,254.86.
Some other companies making big moves:
— Hewlett-Packard plunged after a Goldman Sachs analyst downgraded the stock, predicting the company’s earnings will be weak. Shares fell $1.21, or 5.2 percent, to $22.10.
— Urban Outfitters climbed a day after the clothing and accessories company said sales at stores open at least a year have grown in the high single digits in the first two months of the fiscal quarter started Feb. 1. Sales at stores open at least a year is a key gauge of a retailer’s health because it excludes results from stores recently opened or closed. The stock rose $1.46, or 3.8 percent, to $39.87.
— Actavis Inc. rose after a U.S. court declared a rival’s patent invalid, clearing the way for Actavis to sell a generic asthma inhaler. The stock added $4.22 or 4.6 percent, to $96.68.
AP Business Writer Steve Rothwell in New York contributed to this report.
Daniel Wagner can be reached at www.twitter.com/wagnerreports.