Dow Ends Day Up 54

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Nov 15, 2016 3:16 PM CST
Steven Grasso, right, works with fellow traders on the floor of the New York Stock Exchange, Monday, Nov. 14, 2016.   (AP Photo/Richard Drew)

(Newser) – Energy companies led the stock market higher as the price of oil had its biggest jump since April, the AP reports. Big technology stocks, which have been mostly left out of a post-election rally, turned sharply higher Tuesday. Microsoft, Facebook, and Google's parent company, Alphabet, all posted solid gains. Bank stocks, which had soared over the past week, gave back some of those gains. Bond prices edged higher after falling sharply since the election over worries that President-elect Donald Trump's spending plans would lead to higher inflation. The Dow Jones industrial average rose 54 points, or 0.3%, to 18,922. The Standard & Poor's 500 index climbed 16 points, or 0.8%, to 2,180. The Nasdaq composite gained 57 points, or 1.1%, to 5,275. (Read more Dow Jones stories.)

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