US stocks rise, breaking a 3-day losing streak
NEW YORK (AP) — U.S. stocks are closing higher as the market stabilizes after a three-day slump.
Technology stocks rose after taking a beating over the past week.
Investors will start to focus on company earnings this week. Bed Bath & Beyond reports after the market closes Wednesday and JPMorgan Chase releases its results on Friday.
The Standard & Poor’s 500 index rose six points, or 0.4 percent, to close at 1,851 Tuesday.
The Dow Jones industrial average edged up 10 points, less than 0.1 percent, to 16,256.
The Nasdaq composite rose 33 points, or 0.8 percent, to 4,113.
Gilead Sciences fell 3 percent following reports that Express Scripts plans to ask its clients to join a coalition that would stop using Gilead’s Sovaldi Hepatitis C treatment once a rival medicine is approved.