Health care, energy stocks push US market higher
NEW YORK (AP) — U.S. stocks are broadly higher in midday trading, helped by a rebound in the price of oil and a rise in health care stocks
Hospira soared 35 percent Thursday after the drugmaker agreed to be acquired by Pfizer’s for $16 billion.
In Europe, Greek stocks fell as the tensions between Greece’s new left-wing government and the European Central Bank intensified.
The Dow Jones industrial average rose 159 points, or 0.9 percent, to 17,832 as of 11:45 a.m. Eastern time.
The Standard & Poor’s 500 index rose 17 points, or 0.8 percent, to 2,059 and the Nasdaq composite rose 32 points, or 0.7 percent, to 4,748.
Crude oil rose 7 percent to $51.94 a barrel.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.82 percent.