Stocks Rise After Debt-Ceiling Deal

Google, the search giant, posted fourth-quarter earnings growth of 12%.

Coach(COH) shares plunged 16% after the U.S. luxury handbag maker reported disappointing earnings and revenue after lackluster holiday season sales.

US Airways(LCC) shares gained 1.5% after the airline booked better-than-expected fourth-quarter earnings.

Cree(CREE) shares surged 22% after the LED-products maker announced stronger-than-anticipated quarterly results and provided a positive outlook.

Research In Motion(RIMM) shares were off 3.1% as a Citigroup analyst said that the recent excitement over the company's BlackBerry 10 launch was overly optimistic and advised investors not to buy into the rally. The analyst reiterated a "sell" rating and $6 price target on the stock.

-- Written by Andrea Tse and Joe Deaux in New York.

>To contact the writer of this article, click here: Andrea Tse.