Rebounding oil prices send markets soaring

Rebounding crude oil prices lifted the markets to a sharply higher close with the Dow soaring 117 points to 17,880.  Nasdaq climbed 30 points to 4,917.

On the upside

Shares of oilfield services firm Seventy Seven Energy (NYSE: SSE) climbed as crude oil prices rose.

Rebounding crude oil prices lifted shares of Comstock Resources (NYSE: CRK) and Swift Energy (NYSE: SFY).

Wells Fargo upgraded Microsoft (Nasdaq: MSFT) from a Market Perform rating to an Outperform rating.

On the downside

Shares of Great Basin Scientific (Nasdaq: GBSN) continued to fall.

Investors locked in profits on Receptos (Nasdaq: RCPT).
Cellular Biomedicine Group's (Nasdaq: CBMG) laboratory and production facility in Shanghai passed a fourth consecutive China Food and Drug Administration inspection but the stock price fell.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 13 points to 2080. Bitcoin slipped $1 to $254.

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This page contains a single entry by published on April 6, 2015 2:30 PM.

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