A better than expected jobs report along with rising crude oil prices sent the markets soaring to a sharply higher close with the Dow rocketing 212 points to 17,584. Nasdaq surged 57 points to 4,650.
On the upside
Shares of Petrobras (NYSE: PBR) rose as crude oil prices edged up.
Cosi (Nasdaq: COSI) reported a strong 3.9% increase in same store sales for the fourth quarter.
Zafgen (Nasdaq: ZFGN) reported positive results from a Phase 2 clinical trial of beloranib to treat hypothalamic injury associated with obesity.
On the downside
Shares of Enphase Energy (Nasdaq: ENPH), which makes microinverter technology for the solar industry, fell as crude oil prices remained below $50 per barrel.
Investors locked in profits on NeuroDerm (Nasdaq: NDRM).
Micron Technology (Nasdaq: MU) reported higher first quarter earnings but revenue fell short of expectations and forecast second quarter revenue below analyst estimates.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 leaped 23 points to 2025. Bitcoin edged up a fraction to $285.
Markets soar on strong jobs data, recovering oil prices
January 07, 2015 at 18:37 PM EST
