U.S. Stocks Rise As Health Care And Energy Companies Climb

Trader Benedict Willis, left, works on the floor of the New York Stock Exchange, Wednesday, April 6, 2016. Stocks are wobbling in early trading Wednesday. Health care companies are trading higher, energy companies are rising along with the price of oil and telecommunications companies are slipping. (AP Photo/Richard Drew)

Trader Benedict Willis, left, works on the floor of the New York Stock Exchange, Wednesday, April 6, 2016. Stocks are wobbling in early trading Wednesday. Health care companies are trading higher, energy companies are rising along with the price of oil and telecommunications companies are slipping. (AP Photo/Richard Drew)

NEW YORK — The stock market turned in a solid gain, led by a jump in health care and energy companies.

Drugmakers posted especially big gains Wednesday, including a 6 percent rise in biotechnology company Celgene.

Energy stocks rose as the price of oil shot 5 percent higher. Chevron increased 2 percent.

The Dow Jones industrial average climbed 112 points, or 0.6 percent, to 17,716.

The Standard & Poor's 500 index gained 21 points, or 1.1 percent, to 2,066. The Nasdaq composite added 76 points, or 1.6 percent, to 4,920.

The market is coming off a two-day slump. The Dow and S&P 500 are slightly higher for the year but the Nasdaq is still down 2 percent.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.75 percent.

By MARLEY JAY - Apr. 6, 2016 4:10 PM EDT AP

 
 

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