US stocks advance as banks and health care lead rally
NEW YORK (AP) — U.S. stocks are rising Tuesday as banks climb following an increase in bond yields, which will allow banks to charge higher rates on loans.
Health care companies like makers of scientific instruments and drugs are higher as well.
Stocks are on track for their fourth gain in a row and have mostly undone a big loss from last Wednesday, when they took their biggest loss of 2017.
The Finnish company was once the biggest cellphone maker in the world, but it sold its mobile phone business to Microsoft in 2014 and is now a network infrastructure provider.
Scientific instrument maker Agilent Technologies rose after its second-quarter profit and sales beat Wall Street estimates.
All three stocks have dropped this year as investors worried about slowing car sales.
Coca-Cola gained 33 cents to $44.51 and Monster Beverage climbed 94 cents, or 1.9 percent, to $49.28 as beverage companies and other household goods companies gained ground.
Video game publisher Take-Two Interactive Software jumped after its profit and sales in the fourth quarter surpassed analyst expectations.
The company's games include the Grand Theft Auto ''NBA2K and Sid Meier's Civilization franchises.
Shoe and accessories retailer DSW slumped after its first-quarter profit fell short of Wall Street's estimates.
Benchmark U.S. crude oil added 17 cents to $51.30 a barrel in New York.
European stocks traded slightly higher after key surveys of business activity and optimism hit their highest levels in years.