The markets closed sharply higher with the Dow surging 155 points to 17,481 as crude oil and commodities climbed. Nasdaq gained 11 points to 4,774.
On the upside
Rising copper prices lifted shares of Teck Resources (NYSE: TCK).
Two Sarepta Therapeutics (Nasdaq: SRPT) directors along with the chairman purchased $2.5 million worth of company stock.
Bargain hunters continued to lift shares of MannKind (Nasdaq: MNKD).
On the downside
Reuters reported that creditors were attempting to renegotiate agreements with Valeant Pharmaceuticals (NYSE: VRX).
Jabil Circuit (NYSE: JBL) reported second quarter earnings and revenue that fell short of expectations and forecast current quarter results below estimates.
Shares of Aralez Pharmaceuticals (Nasdaq: ARLZ) continued falling.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 13 points to 2,040. Bitcoin added $3 to $418.
