Rebounding crude oil prices boosted the markets during the midday with the Dow soaring 154 points to 17,571. Nasdaq climbed 37 points to 5,038.
On the upside
Zacks Equity Research listed Linn Energy (Nasdaq: LINE) as one of five great value stocks.
WiLAN (Nasdaq: WILN) subsidiary entered a patent license agreement with Netflix (Nasdaq: NFLX).
The recent upward trend in aluminum prices lifted shares of Alcoa (NYSE: AA).
On the downside
Northwest Biotherapeutics (Nasdaq: NWBO) announced a registered direct offering of 3.5 million shares of common stock at the discounted price of $3.60 per share.
Galena Biopharma (Nasdaq: GALE) received a subpoena for documents related to the marketing and promotion of its pain medication Abstral.
Nike (NYSE: NKE) reported higher second quarter earnings and revenue but revenue fell short of analyst expectations.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 17 points to 2,056. Bitcoin added $4 to $440.
