Markets soar as crude oil prices climb

Rising crude oil prices sent the markets soaring with the Dow surging 147 points to 17,911. Nasdaq gained 32 points to 5,046.

On the upside

Tokio Marine will pay a premium of approximately $7.5 billion to acquire HCC Insurance Holdings (NYSE: HCC).

Zhejiang Aokang Shoes acquired a strategic equity interest of approximately 25.66% in LightInTheBox (NYSE: LITB).

Recon Technology (Nasdaq: RCON) received Contractor Qualification from Jianghan Oilfield Construction Engineering Company, a subsidiary of China Petroleum & Chemical (NYSE: SNP).

On the downside

Boulder Brands (Nasdaq: BDBD) chief executive Steve Hughes resigned.

Shares of Esperion Therapeutics (Nasdaq: ADXS) plummeted over concerns that the Food and Drug Administration may reject the company's LDL cholesterol reducing drug ETC-1002 .

Francesca's Holdings (Nasdaq: FRAN) disappointed with lower first quarter earnings that fell short of expectations and forecast current quarter results below estimates.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE while advancers edged out decliners by nearly 5 to 2 on Nasdaq. The broader S&P 500 climbed 14 to 2094. Bitcoin held steady at $230.
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