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.
Markets soar as crude oil prices climb
June 10, 2015 at 10:43 AM EDT