Financial News

Markets soar as crude oil climbs

The markets extended its gains during the midday with the Dow soaring 111 points to 17,693 as crude oil prices climbed. Nasdaq gained 40 points to 5,070.

On the upside

U.S. Siica (NYSE: SLCA) reported sharply lower third quarter earnings and revenue but the stock price climbed.

Activist investor Elliott Associates acquired an 11% stake in Cabela (NYSE: CAB).

Bargain hunters lifted shares of Energy XXI (Nasdaq: EXXI).

On the downside

GenMark (Nasdaq: GNMK) widened losses for the third quarter.

Commercial Metals (NYSE: CMC) fell to a greater than expected loss for the fourth quarter.

Verisk Analytics (Nasdaq: VRSK) reported higher third quarter earnings but revenue missed expectations and the company announced plans to explore strategic alternatives for its healthcare data analytics business.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The broader S&P 500 climbed 15 points to 2,081. Bitcoin added $4 to $299.

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