The Dow Jones Industrial Average rose 105.84 points, or 0.6 percent, to 16,530.94, with UnitedHealth Group leading gains that included 24 of the blue-chip index's 30 components.
The S&P 500
rose 11.11 points, or 0.6 percent, to 1,837.88, with health care and
technology leading gains that included all but one -- materials -- of
its 10 major industry sectors.
The Nasdaq advanced 39.50 points, or 1 percent, to 4,153.18, led by Neurocrine Biosciences,
up nearly 90 percent after the company late Monday said one of its
experimental drugs helped treat the symptoms of an illness that causes
For every share that fell, two rose on the New
York Stock Exchange, where 699 million shares traded. Composite volume
hit 3.5 billion.
The U.S. dollar edged higher against the currencies of major trading partners and the 10-year Treasury yield used in determining mortgage rates and other consumer loans fell 2 basis points to 2.945 percent.
On the New York Mercantile Exchange, crude-oil futures gained 46 cents, or 0.5 percent, to $93.05 a barrel; gold futures declined $8.40, or 0.7 percent, to $1,229.60.
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