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Energy companies lead an advance in US stocks

Trader Frederick Reimer works on the floor of the New York Stock Exchange Tuesday, Dec. 2, 2014. U.S. stock indexes are creeping higher Tuesday, as the market bounces back from a loss the day before. (AP Photo/Richard Drew)
Trader Frederick Reimer works on the floor of the New York Stock Exchange Tuesday, Dec. 2, 2014. U.S. stock indexes are creeping higher Tuesday, as the market bounces back from a loss the day before. (AP Photo/Richard Drew)

By Associated Press 1 min read

NEW YORK (AP) – Gains in energy companies are leading the U.S. stock market to a higher close.

General Motors rose Tuesday after reporting stronger sales, and Biogen, a biotech company, soared following news that its drug for Alzheimer’s disease showed promise.

Avanir Pharmaceuticals soared 13 percent on news that Otsuka Pharmaceuticals of Japan plans to buy the company

The Dow Jones industrial average rose 102 points, or 0.6 percent, to 17,879.

The Standard & Poor’s 500 index rose 13 points, or 0.6 percent, to 2,066. The Nasdaq composite rose 28 points, or 0.6 percent, to 4,755.