Dow Ends Day Up 282

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Jan 26, 2016 3:22 PM CST
Specialist Michael Cacace, left, and trader Robert Moran work on the floor of the New York Stock Exchange, Tuesday, Jan. 26, 2016. Higher oil prices and some positive earnings news from U.S. companies...   (Richard Drew)

(Newser) – US stocks closed sharply higher as the price of crude oil made another sudden turn, this time to the upside. The price of oil surge almost 4% Tuesday, reversing a slump from the day before. Chevron and Exxon Mobil each jumped 4%. The Dow Jones industrial average rose 282 points, or 1.8%, to 16,167. The Standard & Poor's 500 index climbed 26 points, or 1.4%, to 1,903. The Nasdaq composite added 49 points, or 1.1%, to 4,567. (Oprah helped the stock market, too.)

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