The markets opened higher with the Dow gaining 40 points to 24,650 as bargain hunters snapped up deals. Nasdaq rose 9 points to 7353.

On the upside

Bargain hunters lifted shares of Universal Display (Nasdaq: OLED).

The Timken Company (NYSE: TKR) lifted its full year revenue and earnings guidance.

HealthEquity (Nasdaq: HQY) reported higher fourth quarter earnings and revenue.

On the downside

Oracle (NYSE: ORCL) disappointed with third quarter revenue that fell short of analyst expectations prompting downgrades.

Fourth quarter revenue for The Children's Place (Nasdaq: PLCE) missed estimates and the retailer forecast current quarter earnings below expectations.

JPMorgan Chase affirmed its Neutral rating on Welltower (NYSE: WELL).

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while advancers outpaced decliners by 6 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,715. Bitcoin climbed $116 to $8,499.