Dow Ends Day Up 185
S&P 500, Nasdaq also up
By Newser Editors and Wire Services
Posted Dec 23, 2015 3:14 PM CST
In this Dec. 16, 2015 file photo, traders Gordon Charlop, left, Nathan Wisniewski, center, and Gregory Rowe, work on the floor of the New York Stock Exchange.    (AP Photo/Richard Drew, File)

(Newser) – US stocks are closing higher for a third day in a row, once again taking their lead from oil prices. Energy stocks were the biggest winners in the market on Wednesday as the price of crude oil moved higher. Drilling rig operator Transocean jumped 3%, and Hess rose 4%. The Dow Jones industrial average rose 185 points, or 1.1%, to 17,602. The Standard & Poor's 500 index climbed 25 points, or 1.2%, to 2,064. The Nasdaq composite increased 44 points, or 0.9%, to 5,045. The price of crude oil rose 4% to $37 a barrel in New York. Bond prices fell. The yield on the 10-year Treasury note rose to 2.26%. Trading was light ahead of Christmas. Markets will close early on Thursday.

 

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