Stocks moved higher after better-than-expected earnings from IBM and Google drove the market higher. Also, the House of Representatives voted to suspend the government’s $16.4 trillion debt limit until May 19. Investors are also keeping an eye on the World Economic Forum in Davos, where business and political leaders have gathered to discuss economic issues. McDonald's ticked up slightly as the co.’s earnings topped estimates, meanwhile it warned that same-store sales could fall in January. Apple advanced 1.83% ahead of the co.’s results due after the close. Advanced Micro Devices jumped 11.4% following its own fourth-quarter results. In the evening trade Apple fell 9.8% in heavy volume after the co. missed revenue estimates but beat profit expectations, total iPhone shipments were 47.8 million, shy of the roughly 48 million expected. Netflix zoomed up 35.4% after the co. reported earnings of $0.13 a share, while analysts had expected a loss of $0.12 a share.
