Dow Ends Day Up 257

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Feb 17, 2016 3:21 PM CST
Dow Ends Day Up 257
Traders Jonathan Corpina, left, and Kevin Lodewick, center, work with specialist Mario Picone on the floor of the New York Stock Exchange, Friday, Feb. 12, 2016.   (AP Photo/Richard Drew)

(Newser) – US stocks are closing higher for the third day in a row, led by gains in energy companies following another big rise in the price of crude oil. Chevron jumped 4% Wednesday, the biggest gain in the Dow Jones industrial average. Technology stocks also did well. Facebook rose nearly 4%. The Dow average rose 257 points, or 1.6%, to 16,453. The Standard & Poor's 500 index gained 31 points, or 1.7%, to 1,926. The Nasdaq composite climbed 98 points, or 2.2%, to 4,534. A three-day rally in stocks has wiped out about half of the market's loss since the beginning of the year. (Read more Dow Jones stories.)

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