The markets closed sharply higher with the Dow leaping 212 points to 16,697 as crude oil prices rebounded to settle just below $33 per barrel. Nasdaq climbed 39 points to 4,582.
On the upside
Fourth quarter earnings surged for LendingTree (Nasdaq: TREE) to surpass analyst expectations by a wide margin.
EnerNOC (Nasdaq: ENOC) widened losses for the fourth quarter but revenue climbed to top estimates.
JANA Partners acquired an 8% stake in TeamHealth Holdings (NYSE: TMH).
On the downside
Patriot National (NYSE: PN) widened fourth quarter losses.
Relypsa (Nasdaq: RLYP) widened losses for the fourth quarter.
Fourth quarter earnings and revenue climbed for NetEase (Nasdaq: NTES) but profit margins fell.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 surged 21 points to 1,951. Bitcoin slipped $1 to $422.
