Rising crude oil prices lifted the markets to a higher close with the Dow soaring 91 points to 19,974. Nasdaq climbed 26 points to 5,483.
On the upside
Akebia Therapeutics (Nasdaq: AKBA) entered a collaboration and license agreement with Otsuka Pharmaceuticals to commercialize vadadustat in the U.S.
TerraVia Holdings (Nasdaq: TVIA) suspended supply to Soylent effective immediately.
Hill International (NYSE: HIL) will sell its Construction Claims Group to Bridgepoint Development Capital for $147 million in cash.
On the downside
Destination Maternity (Nasdaq: DEST) will merge with Orchestra Premaman.
Flotek Industries (NYSE: FTK) warned of sequentially lower revenue for the fourth quarter in the Consumer and Industrial Chemistry segment.
New York Community Bancorp (NYSE: NYCB) terminated its merger agreement with Astoria Financial.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 index gained 8 points to 2,270. Bitcoin added $2 to $787.
