Stocks post modest gains on Wall Street

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NEW YORK (AP) Stocks edged higher on Tuesday, erasing the market's modest losses from a day earlier.

Banks and technology companies rose the most, while health care stocks closed broadly lower.

Citigroup rose 2.9 percent and JPMorgan Chase climbed 1.1 percent, but UnitedHealth Group sank 4 percent.

Chipmaker Qualcomm soared 23 percent in heavy trading after announcing that it had settled its longstanding legal dispute with Apple.

The S&P 500 index edged up 1 point, or 0.1 percent, to 2,907.

The Dow Jones Industrial Average added 67 points, or 0.3 percent, to 26,452.

The Nasdaq rose 24 points, or 0.3 percent, to 8,000.

Bond prices fell.

The yield on the 10-year Treasury rose to 2.59 percent.