By Alex Veiga
AP Business Writer 

Banks lead US stocks higher in afternoon trading; oil rises

 


Banks and other financial companies led U.S. stocks higher in late-afternoon trading Wednesday as the market bounced back from losses a day earlier. Technology stocks were among the big gainers. Energy companies also were trading higher as the price of crude oil rose. Utilities and real estate companies lagged the broader market rally.

KEEPING SCORE: The Standard & Poor's 500 index gained 22 points, or 0.9 percent, to 2,441 as of 3:24 p.m. Eastern time. The Dow Jones industrial average rose 149 points, or 0.7 percent, to 21,459. The Nasdaq composite added 85 points, or 1.4 percent, to 6,231...



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