NEW YORK (AP) — U.S. stocks are closing 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 Thursday were energy companies. Consol Energy and Southwestern Energy each soared 19 percent.
Railroad operator Union Pacific slumped 4 percent 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 percent, to 15,882.
The Standard & Poor’s 500 index rose nine points, or 0.5 percent, to 1,868. The Nasdaq composite inched up less than a point to 4,472.