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Energy companies lead stocks higher as oil price soars; tech stocks also rise

Energy companies lead stocks higher as oil price soars; tech stocks also rise

U .S. stocks climbed Tuesday as the price of oil made its biggest jump in seven months and energy companies rose with it. Technology stocks such as Microsoft and Alphabet, Google's parent, traded higher and bond yields slipped, a break with the pattern since last week's election.

Oil rose almost 6% as investors once again grew hopeful that the OPEC cartel will agree to cut fuel production in a few weeks. Companies such as utilities and telecom service providers climbed as bond yields fell slightly after a week of large gains. Airlines rose after Warren Buffett made a surprise investment in three carriers.

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