Rebounding crude oil prices boosted the markets during the midday with the Dow soaring 140 points to 17,813. Nasdaq climbed 27 points to 4,744.
On the upside
A surge in crude oil prices lifted shares of SandRidge Energy (NYSE: SD).
E2open (Nasdaq: EOPN) will be acquired by Insight Venture Partners in a deal valued at approximately $273 million.
Tableau Software (NYSE: DATA) impressed with sharply higher fourth quarter earnings and revenue that surpassed analyst expectations by a wide margin.
On the downside
Immunomedics (Nasdaq: IMMU) widened losses for the second quarter and announced plans to offer $85 million in convertible senior notes.
DuPont Fabros Technology (NYSE: DFT) reported higher fourth quarter earnings and revenue but the real estate investment trust forecast full year earnings below expectations.
LifeVantage (Nasdaq: LFVN) disappointed with lower second quarter earnings and revenue.
In the broad market, advancing issues outpaced decliners by a margin of 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 gained 13 points to 2055. Bitcoin slipped $8 to $215.
Markets advance as oil rebounds
February 05, 2015 at 12:32 PM EST