US stocks rose on Wednesday, led by drugmakers, while a Supreme Court ruling lifted the shares of major broadcasters.
The Dow Jones industrial average rose 49.38 points or 0.29 percent, to 16,867.51. The S&P 500 gained 9.55 points or 0.49 percent, to 1,959.53. The Nasdaq Composite added 29.40 points or 0.68 percent, to 4,379.76.
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