The stock market opened 2017 on a strong note with big gains in banks and energy companies.
In the first few minutes of trading, major U.S. indexes were broadly higher on Tuesday as markets reopened after the New Year's Day holiday.
At the close of the day, the stock market had a solid gain, led by health care and phone companies.
Drugmaker Endo International jumped 6.1 percent, one of the biggest gains in the Standard & Poor's 500 index and Verizon rose 2.2 percent.
The Dow Jones industrial average climbed 119 points, or 0.6 percent, to 19,881. Earlier in the day, it was up 175 points.
The Standard & Poor's 500 index climbed 19 points, or 0.8 percent, to 2,257.
The Nasdaq composite increased 45 points, or 0.9 percent, to 5,429.
Bond prices fell, and the yield on the 10-year Treasury note rose to 2.45 percent.
The Associated Press contributed to this story
