Dow Ends the Day Up 168

S&P 500, Nasdaq also up
By Newser Editors and Wire Services
Posted Dec 1, 2015 3:14 PM CST
Trader Patrick McKeon works the floor of the New York Stock Trader Patrick McKeon works Exchange, Tuesday, Dec. 1, 2015. Stocks are slightly higher in early trading as investors look ahead to a busy week...   (Richard Drew)
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(Newser) – Stocks are closing with solid gains Tuesday, led by health care companies and banks. The Dow Jones industrial average climbed 168 points, or 1%, to 17,888. The Standard & Poor's 500 index gained 22 points, or 1.1%, to 2,102. The Nasdaq composite rose 47 points, or 0.9%, to 5,156.

Health insurer UnitedHealth Group rose 3%, the most in the Dow. Merck also rose 3%. Bank stocks rose as investors hoped that higher interest rates could be on the way, which would allow banks to earn more from loaning money. Bank of America rose 2%. Bond prices rose. The yield on the 10-year Treasury note fell to 2.15%.

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