A surge in crude oil prices along with a stronger than expected gain in the nation's gross domestic product sent the markets soaring to a sharply higher close with the Dow rocketing 369 points to 16,654. Nasdaq jumped 115 points to 4,812.

On the upside

Shares of Comstock Resources (NYSE: CRK) surged as crude oil prices rebounded.

Bargain hunters snapped up shares of Century Aluminum (Nasdaq: CENX).

Movado Group (NYSE: MOV) reported better than expected second quarter earnings and revenue.

Shares of Schlumberger (NYSE: SLB) continued climbing.

TheStreet listed C&J Energy Services (NYSE: CJES) as one of five stocks under $10 that is poised to soar.

On the downside

IDC reported that while Fitbit (NYSE: FIT) remained the number one wearable technology vendor, Apple (Nasdaq: AAPL) jumped to number two and is expected to become the market leader.

In the broad market, advancing issues outpaced decliners by a margin of nearly 8 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 leaped 47 points to 1,987. Bitcoin edged up a fraction to $225.