A rebound in crude oil prices sent the markets soaring to a sharply higher close with the Dow leaping 228 points to 16,620. Nasdaq jumped 66 points to 4,570.
On the upside
HBO’s Vice will feature products by Second Sight Medical Products (Nasdaq: EYES) in a segment called Beating Blindness.
The Food and Drug Administration granted Breakthrough Therapy designation to Trevana’s (Nasdaq: TRVN) moderate to acute pain treatment TRV130.
Seeking Alpha wrote that Chesapeake Energy (NYSE: CHK) may be acquired.
On the downside
Shares of Stone Energy (NYSE: SGY) fell ahead of its earning release.
Intelsat (NYSE: I) reported lower preliminary fourth quarter revenue.
Sysco (NYSE: SYY) will acquire Brakes Group in a deal valued at approximately $3.1 billion.
In the broad market, advancing issues outpaced decliner by a margin of nearly 7 to 2 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 leaped 27 points to 1,945. Bitcoin added $1 to $437.
