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In other trading, the Standard & Poor’s 500 rose 29.63 points to 1,315.13. The Nasdaq composite rose 66.61 points to 2,844.72.

A Federal Reserve survey showed growth across the country. Hiring was steady, according to the Fed’s “Beige Book.” That’s in marked contrast to the government’s monthly jobs report, which said employers added the fewest jobs in a year last month.

The dollar dipped and Treasury yields rose as investors moved money out of defensive investments. The yield on the benchmark rose to 1.64 percent from 1.57 percent late Tuesday.

Among stocks making big moves:

• Morgan Stanley jumped $1.08, 8 percent, to $13.94 amid reports that the Blackstone Group and other private equity firms may try to buy a stake in the bank’s commodities business.

• UnitedHealth Group gained $1.66, 3 percent, to $57.70 after the health insurer said it will raise its quarterly dividend from 16 cents to 21 cents per share . The board also approved a plan to buy back stock.

• Tempur-Pedic International plunged $21.28, 49 percent, to $22.39. The mattress maker said it expects quarterly profits to fall by half compared to last year. Tempur-Pedic blamed its competitors’ aggressive marketing campaigns and promotions for hurting its sales.