Easing concerns about a trade war lifted the markets to a higher open with the Dow rising 49 points to 24,313. Nasdaq climbed 57 points to 7099.

On the upside

Cenovus Energy (NYSE: CVE) named Jonathan McKenzie to the position of chief financial officer.

Kimmeridge Energy Management increased its stake in Carrizo Oil & Gas (Nasdaq: CRZO) to nearly 6.6 million shares and has advocated for either the sale of assets or a merger with a competitor.

Albemarle (NYSE: ALB) completed the sale of its polyolefin catalysts and components business.

On the downside

Ollie's Bargain Outlet (Nasdaq: OLLI) reported higher fourth quarter earnings and revenue but the discount retailer forecast fiscal 2018 revenue below expectations.

UBS initiated coverage of Micron Technology (Nasdaq: MU) with a Sell rating.

Werner Enterprises (Nasdaq: WERN) opened a new terminal in Joliet, Illinois.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 gained 15 points to 2,659. Bitcoin climbed $76 to $6,896.