Crude oil prices climbed to lift the markets to a sharply higher close with the Dow jumping 190 points to 17,511. Nasdaq surged 63 points to 4,634.
On the upside
Quad/Graphics (NYSE: QUAD) will acquire Courier (Nasdaq: CRRC) in a cash and stock deal valued at approximately $260 million including the assumption of debt.
Bargain hunters lifted shares of Kite Pharma (Nasdaq: KITE).
Flamel Technologies (Nasdaq: FLML) raised the price of Bloxiverz.
On the downside
Three senior executives at Advanced Micro Devices (Nasdaq: AMD) will be leaving the semiconductor.
Shares of Halcon Resources (NYSE: HK) continued falling.
Investors locked in profits on Taiwan Semiconductor (NYSE: TSM).
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 leaped 26 points to 2019. Bitcoin held steady at $205.
Climbing oil prices boost markets
January 16, 2015 at 17:40 PM EST