A potential agreement to freeze oil production sent the markets soaring to close sharply higher with the Dow rocketing 222 points to 16,196. Nasdaq leaped 98 points to 4,435.
On the upside
Credit Suisse upgraded LPL Financial Holdings (Nasdaq: LPLA) from a Neutral rating to an Outperform rating.
Bargain hunters lifted shares of C&J Energy Services (NYSE: CJES).
Freeport-McMoRan (NYSE: FCX) will sell a portion of its stake in the Morenci open-pit mine in Arizona to Sumitomo Metal Mining for approximately $1 billion.
On the downside
Unilife (Nasdaq: UNIS) amended its exclusivity agreement with Amgen (Nasdaq: AMGN).
Shares of Laredo Petroleum (NYSE: LPI) fell ahead of its earnings release after market close.
Shares of Comstock Resources (NYSE: CRK) extended its losses.
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 leaped 30 points to 1,895. Bitcoin added $1 to $406.
