The markets soared to close sharply higher with the Dow leaping 134 points to 18,506 on Goldman Sachs' expectation that the oil industry could add up to 100,000 jobs over the next two years. Nasdaq rose 28 points to 5,034.
On the upside
Harsco (NYSE: HSC) reported preliminary second quarter revenue that surpassed previous guidance by a wide margin and lifted its full year forecast.
Zacks Equity Research identified Ceragon Networks (Nasdaq: CRNT) as one of five low priced breakout stocks.
Shares of Line (NYSE: LN) surged in its market debut.
On the downside
The European Society of Medical Oncology said that results from a Phase III study of XBiotech's (Nasdaq: XBIT) colon cancer treatment Xylonix were unreliable.
Shares of Bonanza Creek Energy (NYSE: BCEI) extended its losses.
Profit taking weighed down shares of Vuzix (Nasdaq: VUZI).
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 gained 11 points to 2,163. Bitcoin eased $1 to $653.
