NEW YORK (AP) -- Investors sent the Dow Jones industrials back above 10,000 after a stream of upbeat economic news convinced them that maybe things aren't so bad after all.
The Dow rose 273 points to 10,172. All the major indexes climbed more than 2.5 percent. Falling Treasury prices pushed interest rates higher as demand for safe investments eased.
Energy stocks led the market higher after they slid late Wednesday on concerns that BP would be forced to cut its dividend because of the Gulf of Mexico oil spill. BP PLC rose 12.3 percent from a 14-year low, while Anadarko Petroleum Corp., which has a minority stake in the rig that caused the spill, rose 12.4 percent.
Most bank stocks rose but Goldman Sachs Group Inc. fell 2.2 percent to its lowest level in a year following news reports that it was target of another investigation by the Securities and Exchange Commission. The SEC has already filed civil fraud charges against the company.
