Dow Spikes 122, Oil Drops Again

Tenet Healthcare is today's big winner, rising by 11%
By Newser Editors and Wire Services
Posted Dec 21, 2015 3:25 PM CST
Dow Spikes 122, Oil Drops Again
Specialists watch a television screen on the floor of the New York Stock Exchange, Wednesday, Dec. 16, 2015.    (AP Photo/Richard Drew)

US stocks posted moderate gains, recovering a small portion of the big losses recorded late last week. Energy stocks continued to fall as the price of oil fell. Hospital operator Tenet Healthcare rose 11% after it renewed a contract with health insurer Aetna. Crude fell another 1%, nearing levels not seen since the financial crisis, and oil company shares slid. Newfield Exploration dropped 4% and ConocoPhillips fell 2%.

The Dow Jones industrial average rose 122 points, or 0.7%, to close at 17,251. The Standard & Poor's 500 index rose 16 points, or 0.8%, to close at 2,021. The Nasdaq composite gained 46 points, or 0.9%, to close at 4,962. Bond prices rose. The yield on the 10-year Treasury note fell to 2.19%. (More stocks stories.)

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