The markets opened higher with the Dow soaring 112 points to 20,736 as crude oil prices continued to rise. Nasdaq gained 23 points to 5,861.
On the upside
Community Health Systems (NYSE: CYH) reported a smaller than expected loss for the fourth quarter.
Eyegate Pharmaceuticals (Nasdaq: EYEG) granted Valeant Pharmaceuticals exclusive worldwide commercial and manufacturing rights to the EyeGate II Delivery System and EGP-437.
Lumos Networks (Nasdaq: LMOS) will be acquired by EQT Infrastructure for a premium of approximately $950 million.
On the downside
Trevena (Nasdaq: TRVN) reported positive results from two Phase 3 studies of the opioid painkiller oliceridine but the Food and Drug Administration requires an additional Phase 3 study.
DryShips (Nasdaq: DRYS) will acquire two tankers for approximately $102.5 million.
Momenta Pharmaceuticals (Nasdaq: MNTA) swung to a profit for the fourth quarter but the stock price tumbled.
The broader S&P 500 index added 3 points to 2,351. Bitcoin climbed $35 to $1,087.
