Crude oil prices rose for the second day in a row to lift the markets to a sharply higher close with the Dow soaring 145 points to 17,851. Nasdaq climbed 33 points to 4,894.
On the upside
Shares of Opexa Therapeutics (Nasdaq: OPXA) surged for the second day.
Imperial Capital downgraded Bonanza Creek Energy (NYSE: BCEI) from an In-Line rating to an Underperform rating but the stock price climbed as crude oil prices rose.
Pacific Ethanol (Nasdaq: PEIX) will participate in the 13th Annual Craig-Hallum Institutional Investor Conference on June 1, 2016.
On the downside
Williams Cos. (NYSE: WMB) sued Energy Transfer Equity (NYSE: ETE) to prevent Energy Transfer from abandoning its proposed acquisition of Williams Cos.
The Securities and Exchange Commission launched an investigation into Alibaba Group's (NYSE: BABA) accounting practices.
Profit taking continued to weigh down shares of 21Vianet Group (Nasdaq: VNET).
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 climbed 14 points to 2,090. Bitcoin added $2 to $448.
Higher close as oil prices rise
May 25, 2016 at 18:35 PM EDT
