Markets surge as crude oil prices rise

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Rising crude oil prices lifted the markets to a sharply higher close with the Dow surging 182 points to 24,542. Nasdaq soared 73 points to 7339.


On the upside


OPKO Health (Nasdaq: OPK) reported a smaller than expected loss for the first quarter. 


ZAGG (Nasdaq: ZAGG) reversed year ago losses to post a greater than expected profit for the first quarter. 


Blucora (Nasdaq: BCOR) reported higher first quarter earnings as revenue rose.

 

On the downside 


Cutera (Nasdaq: CUTR) widened losses for the first quarter.


Caesarstone (Nasdaq: CSTE) reported sharply lower first quarter earnings prompting the company to lower its full year forecast.


Extreme Networks (Nasdaq: EXTR) widened losses for the third quarter.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 climbed 25 points to 2,697. Bitcoin gained $73 to $9,248.


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