US stocks close higher as oil and gas firms …
US stocks have closed higher, led by a rebound in oil and gas companies as energy prices recovered from a steep drop the day before.
Many of the top gainers in the Standard & Poor’s 500 index were energy companies. Consol Energy and Southwestern Energy each soared 19%. Railroad operator Union Pacific slumped 4% after reporting a drop in the amount of freight hauled and weaker results than analysts were expecting. The Dow Jones industrial average gained 115 points, or 0.7%, to 15,882.
The Standard & Poor’s 500 index rose nine points, or 0.5%, to 1,868. The Nasdaq composite inched up less than a point to 4,472.