US Stock Indexes Close Sharply Higher

Dow ends day up 396
By Newser Editors and Wire Services
Posted Aug 16, 2018 3:11 PM CDT
Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Tuesday, Aug. 14, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing higher on Wall Street following strong results from Walmart and signs of progress in defusing the trade dispute between China and the US, the AP reports. Walmart jumped 9.3% Thursday after reporting its strongest sales growth in a decade as well as a surge in online sales. Boeing jumped 4%, and Teva Pharmaceuticals rose 7.3% after regulators approved its generic version of Mylan's EpiPen allergy treatment. The S&P 500 index rose 22 points, or 0.8%, to 2,840. The Dow Jones Industrial Average rose 396 points, or 1.6%, to 25,558. The Nasdaq composite rose 32 points, or 0.4%, to 7,806. (Read more stock market stories.)

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