The markets surged to close sharply higher with the Dow rocketing 218 points to 17,213 on recovering crude oil prices. Nasdaq leaped 86 points to 4,748.
On the upside
Finisar (Nasdaq: FNSR) reported sharply higher third quarter earnings that topped analyst estimates.
Rebounding crude oil prices lifted shares of Rex Energy (Nasdaq: REXX).
Solazyme (Nasdaq: SZYM) will change its name to TerraVia and focus on food, nutrition and specially ingredients. The company appointed chief executive Jonathan Wolfson as Chairman of the Board and will begin a search for a new chief executive.
On the downside
Shares of Linn Energy (Nasdaq: LINE) continued falling.
DryShips (NYSE: DRYS) completed its reverse stock split.
Goldman Sachs downgraded NGL Energy Partners (NYSE: NGL) from a Neutral rating to a Sell rating.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 jumped 32 points to 2,022. Bitcoin added $2 to $418.
