U.S. stocks rise as health care and energy companies climb

NEW YORK – The stock market turned in a solid gain, led by a jump in health care and energy companies.

Drugmakers posted especially big gains Wednesday, including a 6 percent rise in biotechnology company Celgene.

Energy stocks rose as the price of oil shot 5 percent higher. Chevron increased 2 percent.

The Dow Jones industrial average climbed 112 points, or 0.6 percent, to 17,716.

The Standard & Poor’s 500 index gained 21 points, or 1.1 percent, to 2,066. The Nasdaq composite added 76 points, or 1.6 percent, to 4,920.

The market is coming off a two-day slump. The Dow and S&P 500 are slightly higher for the year but the Nasdaq is still down 2 percent.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.75 percent.