Markets extend gains as oil rebounds

The markets extended its gains during the midday with the Dow surging 138 points to 17,207 as crude oil prices rebounded. Nasdaq climbed 35 points to 4,583.

On the upside

The possibility of normalizing relations with Cuba lifted shares of Herzfeld Caribbean Basin Fund (Nasdaq: CUBA).

Shares of On Deck Capital (NYSE: ONDK) surged in its market debut.

The Food and Drug Administration approved Cerus' (Nasdaq: CERS) INTERCEPT Blood System for plasma.

On the downside

B/E Aerospace (Nasdaq: BEAV) completed the spin-off of KLX.

Coeur Mining (NYSE: CDE) will acquire Paramount Gold and Silver in an all-stock transaction valued at approximately $146 million.

Ruby Tuesday (NYSE: RT) reported a drop in second quarter same-restaurant sales and same-restaurant guest count.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 soared 19 points to 1992. Bitcoin fell $10 to $318.
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