This is an archived article that was published on sltrib.com in 2016, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

New York • The stock market turned in a solid gain Wednesday, led by a jump in health care and energy companies.

Drugmakers posted especially big increases, 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.