With no news coming out of Fed Chairwoman Janet Yellen’s second day on Capitol Hill, stocks were little moved. Major markets closed mixed with just the blue chips squeezing out a small gain. The Nasdaq snapped its winning streak, crossing over to negative territory, along with the S&P. It was oil that tempered stocks to move higher. Crude futures settled at $50.99, despite a rise in inventory, leading investors to feel prices are finally finding its bottom. Chesapeake Energy (CHK) plunged nearly 10% after the company missed earnings expectations. Lowe’s (LOW) slipped in the red despite beating Wall Street’s expectations and guiding higher. Its competitor, Home Depot (HD) also closed with small losses after Tuesday’s big gains on strong earnings. Quarterly results did help Dollar Tree to move higher. The discount retailer posted sales surged more than 11%. Target (TGT) also managed to end slightly higher after posting better than expected earnings for the key fourth quarter.
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