Dow Ends Day Up 165

S&P 500, Nasdaq also up
By Newser Editors and Wire Services
Posted Dec 22, 2015 3:13 PM CST

(Newser) – Energy companies are leading a broad rally on the stock market as the price of crude oil moves higher. Diamond Offshore Drilling was among the biggest gainers with an increase of 5.6% Tuesday. The Dow Jones industrial average climbed 165 points, or 1%, to close at 17,417. The Standard & Poor's 500 index rose 17 points, or 0.9%, to 2,038. The Nasdaq composite increased 32 points, or 0.7%, to 5,001. The price of oil rose, a relief to investors who have been rattled by a plunge in crude to its lowest level since February 2009. Oil increased 1% to $36 a barrel in New York. Bond prices fell. The yield on the 10-year Treasury note rose to 2.23%. (Read more Dow Jones stories.)

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