Dow Ends Day Up 145
S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted May 25, 2016 3:18 PM CDT
Trader Michael Urkonis, foreground, works on the floor of the New York Stock Exchange, Tuesday, May 24, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks closed higher on Wall Street Wednesday, as energy companies rose with the price of oil, while chemicals and mining company shares also gained, the AP reports. Hewlett Packard Enterprise jumped nearly 7% and Computer Sciences Corporation surged 42% after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion. Chesapeake Energy gained over 7% as oil prices continued to climb. Monsanto also rose after Bayer said it's committed to completing its acquisition of the company. The Dow Jones industrial average rose 145 points, or 0.8%, to 17,852. The Standard and Poor's 500 index rose 14 points, or 0.7%, to 2,090. The Nasdaq composite climbed 34 points, or 0.7%, to 4,895.

 

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