Stocks closed broadly higher Thursday on Wall Street, erasing modest losses from a day earlier, the AP reports. Energy stocks and banks accounted for most of the gains. Goldman Sachs gained 2.3% and Chevron climbed 3.3%. Retailers also rose. Technology stocks lagged the most.
The Standard & Poor's 500 index rose 5 points, or 0.2%, to 2,684. The Dow Jones industrial average rose 55 points, or 0.2%, to 24,782. The Nasdaq composite gained 4 points, or 0.1%, to 6,965. Small-company stocks, which have more to gain from recently passed corporate tax cuts, rose more than the rest of the market. The Russell 2000 rose 7 points, or 0.5%, to 1,547. Bond prices rose. The yield on the 10-year Treasury fell to 2.48%.