Markets surge as crude oil climbs

The markets surged during the midday with the Dow soaring 135 points to 17,461 as crude oil prices climbed above $41 per barrel. Nasdaq rose 9 points to 4,773.

On the upside

Morgan Stanley upgraded Helix Energy Solutions (NYSE: HLX) from an Equal Weight rating to an Overweight rating.

Shares of Itau Unibanco (NYSE: ITUB) rose as the value of the real rose.

Rising crude oil prices lifted shares of Cliffs Natural Resourcs (NYSE: CLF).

On the downside

Endo International (Nasdaq: ENDP) stock extended its losses.

Bio Blast Pharma (Nasdaq: ORPN) priced its registered direct offering.

Shares of Pernix Therapeutics (Nasdaq: PTX) continued falling.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 climbed 12 points to 2,039. Bitcoin added $2 to $418.

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