Climbing crude oil prices boosted the markets to a higher close with the Dow surging 125 points to 16,510. Nasdaq added a point to 4,828.
On the upside
Shares of Lakeland Industries (Nasdaq: LAKE) continued to soar.
WaferGen Bio-systems (Nasdaq: WGBS) stock nearly doubled on no news.
Starwood Waypoint Residential Trust (NYSE: SWAY) will merge with Colony American Homes in an all stock transaction valued at approximately $1.5 billion.
On the downside
Democratic presidential candidate Hillary Rodham Clinton retweeted a New York Times article about price gouging by Turing Pharmaceutical, whose founder also started Retrophin (Nasdaq: RTRX).
Morgan Stanley analyst Matthew Harrison downgraded Immunogen (Nasdaq: IMGN) from an Equal Weight rating to an Underweight rating.
BMO Capital Markets lowered its price target on Merck (NYSE: MRK) from $70 to $66.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE while decliners barely edged out advancers by nearly 5 to 4 on Nasdaq. The broader S&P 500 gained 8 points to 1,966. Bitcoin slipped $3 to $226.
Climbing crude oil prices lift markets
September 21, 2015 at 17:39 PM EDT