The markets opened sharply higher with Dow leaping 142 points to 17,982 to recover from yesterday's steep selloff. Nasdaq soared 46 points to 4,987.
On the upside
EnerNOC (Nasdaq: ENOC) will collaborate with Tesla (Nasdaq: TSLA) to deploy and maintain energy storage systems in commercial and industrial buildings.
Ocwen Financial (NYSE: OCN) reported lower first quarter earnings and revenue but the stock price rose.
Shares of Voltari (Nasdaq: VLTC) extended its gains.
On the downside
LinkedIn (NYSE: LNKD) widened losses for the first quarter and forecast current quarter results that fell far short of analyst expectations.
First quarter earnings and revenue rose for Constant Contact (Nasdaq: CTCT) but the company forecast current quarter results below estimates and lowered its full year guidance.
Cumulus Media (Nasdaq: CMLS) widened first quarter losses as revenue fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 14 points to 2100. Bitcoin held steady at $235.
Markets soar after yesterday's selloff
May 01, 2015 at 10:44 AM EDT