Rebounding crude oil prices lifted the markets to a sharply higher close with the Dow soaring 117 points to 17,880. Nasdaq climbed 30 points to 4,917.
On the upside
Shares of oilfield services firm Seventy Seven Energy (NYSE: SSE) climbed as crude oil prices rose.
Rebounding crude oil prices lifted shares of Comstock Resources (NYSE: CRK) and Swift Energy (NYSE: SFY).
Wells Fargo upgraded Microsoft (Nasdaq: MSFT) from a Market Perform rating to an Outperform rating.
On the downside
Shares of Great Basin Scientific (Nasdaq: GBSN) continued to fall.
Investors locked in profits on Receptos (Nasdaq: RCPT).
Cellular Biomedicine Group's (Nasdaq: CBMG) laboratory and production facility in Shanghai passed a fourth consecutive China Food and Drug Administration inspection but the stock price fell.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 13 points to 2080. Bitcoin slipped $1 to $254.
Rebounding oil prices send markets soaring
April 06, 2015 at 18:30 PM EDT