Stocks rise, breaking a three-day losing streak

4/8/2014
ASSOCIATED PRESS

NEW YORK — Stocks are closing higher as the market stabilizes after a three-day slump.

Technology stocks rose after taking a beating over the past week.

Investors will start to focus on company earnings this week as companies begin to release their first-quarter data.

The Standard & Poor’s 500 index rose six points, or 0.4 percent, to close at 1,851 today.

The Dow Jones industrial average edged up 10 points, less than 0.1 percent, to 16,256.

The Nasdaq composite rose 33 points, or 0.8 percent, to 4,113.

Gilead Sciences fell 3 percent following reports that Express Scripts plans to ask its clients to join a coalition that would stop using Gilead’s Sovaldi Hepatitis C treatment once a rival medicine is approved.