Stocks gain for a third day this week; Dow up 211
By The Associated Press
Posted 4:41PM on Thursday 5th February 2015 ( 10 years ago )
NEW YORK (AP) -- The stock market notched its third big gain this week Thurday as the price of oil recovers and investors applaud a big acquisition in the pharmaceutical industry.<br />
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Energy stocks rose as crude oil gained 4 percent.<br />
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Hospira soared 35 percent after the drugmaker agreed to be acquired by Pfizer for $16 billion.<br />
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The Dow Jones industrial average rose 211 points, or 1.2 percent, to 17,884.<br />
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The Standard & Poor's 500 rose 21 points, or 1 percent, to 2,062. The Nasdaq composite rose 48 points, or 1 percent, to 4,765.<br />
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The gains put the Dow and the S&P 500 back in the black for 2015.<br />
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Crude oil rose 4 percent to close at $50.48 a barrel.<br />
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Bond prices fell. The yield on the 10-year Treasury note rose to 1.81 percent.
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