Markets surge on higher oil prices

It was a higher close for the markets with the Dow soaring 156 points to 17,524 as crude oil prices climbed for the second day. Nasdaq surged 43 points to 4,995.

On the upside

313 Acquisition exercised a clause in the merger agreement between SunEdison (NYSE: SUNE) and Vivint Solar (NYSE: VSLR) allowing shareholders to receive cash in exchange for Vivent common stock.

Bargain hunters lifted shares of Macrocure (Nasdaq: MCUR).

Inland Real Estate (NYSE: IRC) paid December dividends to Series A and Series B preferred stock holders and declared cash dividends for Series A and Series B preferred stock payable on January 15, 2016 to shareholders of recored January 4, 2016.

On the downside

Shares of Allegheny Technologies (NYSE: ATI) extended its losses.

Patriot National (NYSE: PN) stock continued to fall.

Falling natural gas prices weighed down shares of Ultra Petroleum (NYSE: UPL).

In the broad market, advancing issues outpaced decliners by a margin of 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 2,043. Bitcoin soared $16 to $457.

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