Written by Associated Press
Stocks are finishing with big gains as banks rise with interest rates and technology companies recover some of their recent losses.
JPMorgan Chase rose 2 percent Wednesday. Investors bet banks will make more money on lending as rates increase.
Among tech companies, Apple rose 1.5 percent and TripAdvisor jumped 4.5 percent. Energy companies rose as oil futures climbed for the fifth consecutive day.
Consumer-focused companies also jumped as stocks recovered the previous day’s losses. Staples jumped 8.5 percent on reports of a possible sale.
The Standard & Poor’s 500 index made its biggest gain in two months. It advanced 21 points, or 0.9 percent, to 2,440.
The Dow Jones industrial average rose 143 points, or 0.7 percent, to 21,454. The Nasdaq composite added 87 points, or 1.4 percent, to 6,234.