Health care, energy stocks push US market higher

AP News
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Posted: Feb 05, 2015 11:51 AM
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.