Recovering crude oil prices sent the markets soaring during the midday with the Dow rocketing 220 points to 17,593. Nasdaq surged 52 points to 5,095.
On the upside
Sprint (NYSE: S) launched its Direct 2 You service to wireless customers in the Houston metropolitan area, Greater Boston, Metro Atlanta and the Philadelphia metropolitan area.
TETRA Technologies (NYSE: TTI) reported higher second quarter earnings and revenue on Friday.
Raymond James upgraded NeoPhotonics (NYSE: NPTN) from a Market Perform rating to an Outperform rating.
On the downside
Shares of RCS Capital (NYSE: RCAP) continued falling.
BioScrip (Nasdaq: BIOS) widened losses significantly for the second quarter.
Shares of bluebird bio (Nasdaq: BLUE) extended its losses.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 leaped 23 points to 2101. Bitcoin eased a fraction to $261.
Markets soar on rebounding crude oil
August 10, 2015 at 13:38 PM EDT