The markets extended its gains in late afternoon trading to close higher with the Dow soaring 125 points to 16,069 as crude oil prices rose to settle above $33 per barrel. Nasdaq climbed 38 points to 4,506.
On the upside
SunCoke Energy (NYSE: SXC) reversed year ago losses to post a profit for the fourth quarter.
Shares of Encana (NYSE: ECA) and Vanguard Natural Resources (NYSE: VNR) soared as crude oil prices rebounded.
Cirrus Logic (Nasdaq: CRUS) reported sharply higher third quarter earnings as revenue climbed.
On the downside
Silicon Graphics International (Nasdaq: SGI) reported a loss for the second quarter and the company filed a universal shelf registration to offer up to $75 million in stock, securities and/or warrants.
Extreme Networks (Nasdaq: EXTR) reported a second quarter loss on lower revenue.
United Rentals (NYSE: URI) disappointed with lower fourth quarter earnings that fell far short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 climbed 10 points to 1,893. Bitcoin fell $11 to $383.