Dow Ends Day Up 117
S&P 500, Nasdaq also up
By Newser Editors and Wire Services
Posted Jan 12, 2016 3:18 PM CST
Traders gather at the post of specialist John McNierney, background center, at the end of the trading day, on the floor of the New York Stock Exchange, Thursday, Nov. 19, 2015.   (AP Photo/Richard Drew)

(Newser) – A late wave of buying left the stock market higher, led by gains in technology and health care. The Dow Jones industrial average rose 117 points, or 0.7%, to 16,516 Tuesday. It wavered between gains and losses much of the day. The Standard & Poor's 500 index climbed 15 points, or 0.8%, to 1,938. The Nasdaq composite rose 47 points, or 1%, to 4,685.

Tuesday's gain was the first this year for the Nasdaq composite index, which is heavily weighted with technology companies. Chipmaker Intel rose 2% and Apple gained 1.5%. Among health care companies, UnitedHealth Group jumped 2.5%, the most in the Dow. Energy companies lagged the market as the price of crude oil fell to new 12-year lows.