Stocks Inch Higher

Dow ends day up 25
By Newser Editors and Wire Services
Posted Aug 16, 2017 3:16 PM CDT
Trader Jeffrey Vazquez, left, works on the floor of the New York Stock Exchange, Wednesday, Aug. 16, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing modestly higher on Wall Street as retailers including Urban Outfitters and Target climb, the AP reports. The gains Wednesday were a reversal for the volatile retail sector, which fell sharply a day earlier. Urban Outfitters soared 17.5% and Target rose 3.3% after both companies reported results that were better than analysts were expecting. Health care and technology companies are also rose. Biogen rose 2.1% and Micron Technology rose 3.4%. Energy companies lagged the rest of the market. The price of crude oil fell. The Standard & Poor's 500 index rose 3 points, or 0.1%, to 2,468. The Dow Jones industrial average increased 25 points, or 0.1%, to 22,024. The Nasdaq composite climbed 12 points, or 0.2%, to 6,345. (Read more stock market stories.)

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