US stocks rise after losing streak

US stocks closed higher as the market stabilised after a three-day slump. Technology stocks rose after taking a beating over the past week.

After a three-day slump, US stocks closed higher as the market stabilised
After a three-day slump, US stocks closed higher as the market stabilised

Investors will start to focus on company earnings this week. Bed Bath & Beyond reports after the market closes Wednesday and JPMorgan Chase releases its results on Friday.

The Standard & Poor's 500 index rose six points, or 0.4%, to close at 1,851 on Tuesday.

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

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

Gilead Sciences fell 3% 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.