Higher open on rising crude oil prices

The markets opened sharply higher with the Dow soaring 166 points to 17,872 as crude oil prices continued to climb. Nasdaq gained 32 points to 4,893.

On the upside

The Food and Drug Administration delayed ruling on Sarepta Therapeutics' (Nasdaq: SRPT) Duchenne muscular dystrophy treatment eteplirsen.

Computer Sciences (NYSE: CSC) will merge with Hewlett-Packard Enterprise's (NYSE: HPE) Enterprise Services business.

The U.S. Patent and Trademark Office issued a patent for Cellectar Biosciences' (Nasdaq: CLRB) phospholipid ether-paclitaxel conjugate CLR 1603.

On the downside

First quarter earnings and revenue for Express (NYSE: EXPR) fell short of expectations and the apparel retailer forecast current quarter results below estimates.

The Wall Street Journal reported that CBL & Associates Properties (NYSE: CBL) was being investigated by the FBI and the Securities and Exchange Commission for accounting fraud.

Sportsman's Warehouse Holdings (Nasdaq: SPWH) reported first quarter revenue that missed expectations and forecast current quarter revenue below estimates.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 17 points to 2,093. Bitcoin rose $3 to $449.