Crude oil rises, markets close higher


Rising crude oil prices lifted the markets to a sharply higher close with the Dow soaring 102 points to 25,385. Nasdaq rose 6 points to 7163.

On the upside

Eastman Kodak (NYSE: KODK) will launch its own KodakCoin cryptocurrency for photographers.

Boston Scientific (NYSE: BSX) reported higher preliminary fourth quarter revenue that topped analyst estimates.

Shares of Alder Biopharmaceuticals  (Nasdaq: ALDR) extended its gains.

On the downside 

An independent data monitoring committee recommended that Axsome Therapeutics (Nasdaq: AXSM) discontinue its CREATE-1 trial of AXS-02.

Big 5 Sporting Goods (Nasdaq: BGFV) reported lower fourth quarter revenue as same store sales dropped and warned of losses.

e.l.f. Beauty (NYSE: ELF) affirmed its 2017 guidance.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 added 3 points to 2,751. Bitcoin fell $40 to $14,616.

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