Dow Ends Day Up 113

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Jun 6, 2016 3:16 PM CDT
Dow Ends Day Up 113
Specialist Michael Pistillo, left, and trader Timothy Nick work on the floor of the New York Stock Exchange, Friday, June 3, 2016.   (AP Photo/Richard Drew)

Stocks closed at a new high for the year after a speech by Federal Reserve Chair Janet Yellen raised doubts over an interest rate hike this month, the AP reports. Stock gains were led by energy companies as prices for oil and gas climbed. Offshore rig operator Transocean jumped nearly 15% Monday and National Oilwell Varco rose almost 9%. Crude oil rose 2.2% to just under $50 a barrel in New York. Natural gas prices also rose. Banks also rose as long-term interest rates moved higher. JPMorgan Chase rose 1%. The Dow Jones industrial average rose 113 points, or 0.6%, to 17,920. The Standard & Poor's 500 climbed 10 points, or 0.5%, to 2,109. The Nasdaq composite added 26 points, or 0.5%, 4,969. (Read more Dow Jones stories.)

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