Markets soar as crude oil rises

Advancing crude oil prices sent the markets soaring during the midday with the Dow surging 144 points to 17,850. Nasdaq climbed 30 points to 4,891.

On the upside

Nimble Storage (NYSE: NMBL) reported a smaller than expected loss for the first quarter as revenue rose.

Dycom Industries (NYSE: DY) impressed with sharply higher third quarter earnings and revenue that surpassed expectations by a wide margin and forecast current quarter results above estimates.

Rising crude oil prices lifted shares of Seadrill (NYSE: SDRL).

On the downside

TimkenSteel (NYSE: TMST) priced its offering of convertible senior notes.

Spherix (Nasdaq: SPEX) will explore opportunities outside of the patent monetization space.

DeVry (NYSE: DV) subsidiary Becker Professional Education will acquire Association of Certified Anti-Money Laundering Specialists for $330 million.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 climbed 13 points to 2,089. Bitcoin added $2 to $448.