Dow Ends Day Up 150

S&P 500, Nasdaq also rise
By Newser Editors and Wire Services
Posted Mar 28, 2017 3:07 PM CDT
Trader George Ettinger works on the floor of the New York Stock Exchange, Monday, March 27, 2017.   (AP Photo/Richard Drew)

(Newser) – A rally in bank stocks led US indexes broadly higher on Wall Street, breaking an eight-day losing streak for the Dow Jones industrial average, the AP reports. Investors were encouraged Tuesday by a survey that showed consumer confidence had climbed to the highest level in more than 16 years. Apple rose 2% and Goldman Sachs gained 1.7%, the biggest gains in the Dow. Darden Restaurants, which owns Olive Garden, gained 9% after reporting strong earnings and an acquisition. The Standard & Poor's 500 index climbed 17 points, or 0.7%, to 2,358. The Dow jumped 150 points, or 0.7%, to 20,701. The Nasdaq composite increased 34 points, or 0.6%, to 5,875. Three stocks rose for every one that fell on the New York Stock Exchange. (Read more Dow Jones stories.)

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