Markets surge as crude oil edges up

The markets closed sharply higher with the Dow jumping 225 points to 17,416 as crude oil prices edged up and jobless claims tumbled to its lowest level in fifteen years. Nasdaq surged 45 points to 4,683.

On the upside

Shares of Entellus Medical (Nasdaq: ENTL) surged on its first trading day.

K12 (NYSE: LRN) swung to a stronger than expected profit for the second quarter as revenue rose.

MarineMax (NYSE: HZO) reversed year ago losses to post a better than expected profit for the first quarter.

On the downside

Albemarle (NYSE: ALB) fell to a greater than expected loss for the fourth quarter.

Performant Financial (Nasdaq: PFMT) warned of losses for the fourth quarter, announced plans to offer $80 million in senior convertible notes and entered an agreement to acquire Premier Healthcare Exchange for $130 million.

Frontline (NYSE: FRO) filed a second amendment and restatement of its equity distribution agreement with Morgan Stanley.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 19 points to 2021. Bitcoin rose $5 to $232.
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