OPEC's agreement to cut oil output lifted the markets to a higher close with the Dow soaring 110 points to 18,339. Nasdaq gained 12 points to 5,318.
On the upside
An agreement by OPEC to lower production levels lifted shares of Denbury Resources (NYSE: DNR), Oasis Petroleum (NYSE: OAS) and Whiting Petroleum (NYSE: WLL).
Shares of offshore drilling contractor SeaDrill (NYSE: SDRL) climbed on OPEC's production output deal.
Harmonic (Nasdaq: HLIT) entered a warrant agreement with Comcast (Nasdaq: CMCSA) that provides Comcast with the opportunity to purchase common shares of Harmonic based on specific CableOS and other Harmonic product sales and deployment milestones during the term of the warrant.
On the downside
Exelixis (Nasdaq: EXEL) reported disappointing preliminary results from a Phase 1 trial of CaboNivo to treat urothelial and other genital cancers.
Investors locked in profits on Real Goods Solar (Nasdaq: RGSE).
Short seller Glaucus Research implied that National Beverage (Nasdaq: FIZZ) engaged in manipulative accounting practices.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 gained 11 points to 2,171. Bitcoin held steady at $604.
