US STOCKS-Energy shares lead Wall St higher; telecoms slip
* More cars and trucks sold in November than analysts expected
* Otsuka to buy Avanir; Cypress Semi to buy Spansion
* Biogen rallies on expansion of Alzheimer's drug testing
* Dow industrials close at record high
* Indexes up: Dow 0.58 pct, S&P 0.64 pct, Nasdaq 0.6 pct (Updates to market close)
By Rodrigo Campos
NEW YORK, Dec 2 (Reuters) - U.S. stocks rose on Tuesday as energy stocks led the S&P 500 and Dow, while Biogen's rally on news about an experimental treatment for Alzheimer's disease topped gains at the Nasdaq.
The day's gains were broad, with nine of the 10 S&P 500 industry sectors higher. The only group to fall was telecoms , down 1.8 percent with AT&T down 2.2 percent at $34.29 and Verizon down 1.8 percent at $49.11. Sprint announced it will cut in half the monthly price of service for Verizon and AT&T customers who switch to Sprint.
Energy shares on the S&P 500 rose 1.3 percent even as crude oil prices resumed their fall. U.S. crude fell 2.4 percent to near a five-year low while Brent lost 2.3 percent. Continuación...