Crude oil rises, markets soar

Rising crude oil prices lifted the markets to a higher close with the Dow rocketing 284 points to 17,694. Nasdaq jumped 87 points to 4,779.


On the upside


Brookfield Asset Management acquired a 12.13% stake in TerraForm Power (Nasdaq: TERP).

ChromaDex (Nasdaq: CDXC) was added to the Russell 2000, Russell 3000, Russell Microcap Index and Russell Global Index.


Bargain hunters lifted shares of Regulus (Nasdaq: VNR).


On the downside


Southwestern Energy (NYSE: SWN) increased its public offering from 75 million shares to 86 million shares.


Alcoa (NYSE: AA) will split into two companies.

Shares of Hutchinson Technology (Nasdaq: HTCH) slipped.


In the broad market, advancing issues outpaced decliners by a margin of 6 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 surged 34 points to 2,070. Bitcoin fell $5 to $633.

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