Stock Market Rebounds
Dow, S&P 500, Nasdaq end the day higher
By Newser Editors and Wire Services
Posted Jan 14, 2016 3:13 PM CST
Trader John Panin works on the floor of the New York Stock Exchange, Thursday, Jan. 14, 2016. U.S. stocks moved slightly lower in early trading Thursday, extending losses following the worst market drop...   (Richard Drew)
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(Newser) – The stock market is closing broadly higher, led by gains in oil and gas companies as the price of crude turned higher. The gains Thursday came a day after the market had its worst drop since September. The Dow Jones industrial average rose 227 points, or 1.4%, to 16,379. The Standard & Poor's 500 index gained 31 points, or 1.7%, to 1,921. The Nasdaq composite added 88 points, or 2%, to 4,615.

Chevron and Exxon Mobil each jumped 5%, by far the biggest gains in the Dow. It was a reprieve for the energy sector, which has been battered in recent months as crude oil prices plunged. JPMorgan Chase rose 2% after the bank reported earnings that beat forecasts.