Dow Ends Day Up 92

S&P 500, Nasdaq also see gains
By Newser Editors and Wire Services
Posted Feb 14, 2017 3:04 PM CST
Thomas Donato, center, follows stock prices, Thursday, Feb. 9, 2017, at the New York Stock Exchange.   (AP Photo/Mark Lennihan)

(Newser) – Strong gains by bank stocks pushed major US indexes to more all-time highs, the AP reports. Banks rallied Tuesday as bond yields rose following comments from Federal Reserve Chair Janet Yellen. Yellen said the Fed was poised to continue raising interest rates, which would help banks earn more from lending money. It was the sixth straight gain for the benchmark Standard & Poor's 500 index. Goldman Sachs rose 1% to close at its own all-time high. The S&P 500 climbed 9 points, or 0.4%, to 2,337. The Dow Jones industrial average gained 92 points, or 0.5%, to 20,504. The Nasdaq composite increased 18 points, or 0.3%, to 5,782. (Read more Dow Jones stories.)

My Take on This Story
Show results without voting  |