Markets surge as crude oil prices rise


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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This page contains a single entry by published on May 9, 2018 2:36 PM.

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