Markets surge on rebounding crude oil prices

The markets surged to a sharply higher open with the Dow soaring 174 points to 17,702 as crude oil prices rebounded. Nasdaq leaped 51 points to 5,092.

On the upside

FXCM (NYSE: FXCM) stock surged for the third day.

NeuroMetrix (Nasdaq: NURO) launched DPNCheck in Mexico.

Billionaire investor Carl Icahn increased his acquisition offer for Pep Boys (NYSE: PBY) to $18.50 per share in cash.

On the downside

Anavex Life Sciences (Nasdaq: AVXL) widened losses for the fiscal year 2015.

SunEdison (NYSE: SUNE) stock extended its losses.

Shares of 3D Systems (NYSE: DDD) continued falling after announcing yesterday that it would no longer produce its $999 consumer 3D printer.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 soared 17 points to 2,073. Bitcoin added $3 to $424.

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