Markets soar on rebounding crude oil

Recovering crude oil prices sent the markets soaring during the midday with the Dow rocketing 220 points to 17,593. Nasdaq surged 52 points to 5,095.

On the upside

Sprint (NYSE: S) launched its Direct 2 You service to wireless customers in the Houston metropolitan area, Greater Boston, Metro Atlanta and the Philadelphia metropolitan area.

TETRA Technologies (NYSE: TTI) reported higher second quarter earnings and revenue on Friday.

Raymond James upgraded NeoPhotonics (NYSE: NPTN) from a Market Perform rating to an Outperform rating.

On the downside

Shares of RCS Capital (NYSE: RCAP) continued falling.

BioScrip (Nasdaq: BIOS) widened losses significantly for the second quarter.

Shares of bluebird bio (Nasdaq: BLUE) extended its losses.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 leaped 23 points to 2101. Bitcoin eased a fraction to $261.
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