Business

US stocks close broadly higher; oil rises

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Industrial companies led US stocks higher Friday, giving the stock market its second gain in two days. The rally was broad, with all 11 industry sectors in the Standard & Poor’s 500 index closing higher. The gains helped trim some of the losses that traders booked two days earlier when the stock market posted its worst day in eight months amid deepening political turmoil in Washington. ‘‘If you took a week off, you probably thought you didn’t miss much, because we’re at about the same levels today as we were last Friday,’’ said Sean Lynch, co-head of global equity strategy at Wells Fargo Investment Institute. ‘‘And yet, we spiked to a new all-time high on the S&P on Monday, we suffered the worst decline of the year on Wednesday, and again we’re back within 1 percent of that all-time high today.’’

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