The markets opened sharply higher with the Dow soaring 113 points to 16,087 after four oil producing nations agreed to freeze output. Nasdaq surged 61 points to 4,400.
On the upside
ADT (NYSE: ADT) will be acquired by Apollo Global Management for a premium of approximately $7 billion in cash.
Alibaba (Nasdaq: BABA) has acquired a 5.6% stake in Groupon (Nasdaq: GRPN).
Canadian Solar (Nasdaq: CSIQ) expects fourth quarter and full year results to top previous guidance
On the downside
American Airlines (Nasdaq: AAL) terminated its contract with internet service provider Gogo (Nasdaq: GOGO).
Community Health Systems (NYSE: CYH) fell to an unexpected loss for the fourth quarter and forecast full year results below expectations.
Retreating gold prices weighed down shares of Harmony Gold (NYSE: HMY).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 climbed 16 points to 1,881. Bitcoin added $6 to $405.
