In the New York stock market, the Dow Jones Industrial Average rose $529.85 to close at $52,495.88. Buying spread on a positive response to the pause in the rise in crude oil futures, while the Nasdaq Composite fell. Among individual stocks, Merck and UnitedHealth Group rose, while Apple fell.
New York stocks rebounded for the first time in 3 trading days, with the Dow Jones Industrial Average ending at $52,495.88, up $529.85 from the previous day. Buying expanded on a positive response to the pause in the rise in crude oil futures, while strong earnings from 3M, the chemicals and office-supplies company, also supported investor sentiment.
The tech-heavy Nasdaq Composite fell 6.07 points to 26,424.82 and did not rebound.
Among individual stocks, gains in pharmaceutical company Merck and health insurer UnitedHealth Group stood out, while Apple, an information technology company, was sold.