Rising crude oil prices along with a surge in January construction spending sent the markets soaring to a sharply higher close with the Dow vaulting 348 points to 16,865. Nasdaq rocketed 131 points to 4,689.
On the upside
Workday (NYSE: WDAY) reported a smaller than expected loss for the fourth quarter prompting an upgrade.
Lexicon Pharmaceuticals (Nasdaq: LXRX) swung to a better than expected profit for the fourth quarter.
Apigee (Nasdaq: APIC) narrowed second quarter losses more than expected as revenue climbed and forecast current quarter as well as full year earnings ahead of estimates.
On the downside
Rockwell Medical (Nasdaq: RMTI) reported a loss for the fourth quarter as revenue slipped.
Global Ship Lease (NYSE: GSL) swung to a profit for the fourth quarter but the company suspended its quarterly dividend.
Opower (NYSE: OPWR) widened fourth quarter losses and forecast current quarter results below estimates.
In the broad market, advancing issues outpaced decliners by a margin of 9 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 leaped 46 points to 1,978. Bitcoin lost $4 to $431.
