Rebounding oil prices boost markets

A rebound in crude oil prices lifted the markets to a sharply higher close with the Dow leaping 282 points to 16,167. Nasdaq surged 49 points to 4,567.

On the upside

Shares of Comstock Resources (NYSE: CRK) surged after completing an acreage swap that increased its drilling inventory at the Haynesville Shale.

Oprah Winfrey tweeted that she lost 26 pounds while using Weight Watchers (NYSE: WTW).

Tudor Pickering upgraded Cobalt International Energy (NYSE: CIE) from an Accumulate rating to a Buy rating.

On the downside

Leidos (NYSE: LDOS) will acquire Lockheed Martin’s (NSYE: LMT) Information Systems & Global Solutions business.

Profit taking continued to weigh down shares of Anacor Pharmaceuticals (Nasdaq: ANAC).

TheStreetSweeper wrote that LightPath Technologies (Nasdaq: LPTH) has surged due to heavy stock promotion over the past year.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 surged 26 points to 1,903. Bitcoin edged up a fraction to $394.

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