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US stocks rise broadly, led by energy sector gains

Published 12/04/2016

The Dow Jones industrial average rose 164 points, or 0.9%, to 17,721 (AP)
The Dow Jones industrial average rose 164 points, or 0.9%, to 17,721 (AP)

US stocks closed higher on Wall Street, led by big gains in oil and gas companies as energy prices climb.

Southwestern Energy jumped 15% Tuesday and Marathon Oil increased 12%.

The price of US crude oil rose 4.5% and natural gas rose 4% in New York.

Earnings did not get off to a promising start for US companies. Aluminium maker Alcoa sank 3% after reporting revenue that fell short of analysts' forecasts.

The Dow Jones industrial average rose 164 points, or 0.9%, to 17,721.

The Standard & Poor's 500 index gained 19 points, or 1%, to 2,061. The Nasdaq composite added 38 points, or 0.8%, to 4,872.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.77%.

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