Dow Ends Day Up 196

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Aug 22, 2017 3:16 PM CDT
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Wednesday, Aug. 16, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks bounced higher on Wall Street, led by gains in big tech companies, health care, and banks, the AP reports. Google parent Alphabet jumped 2%, Vertex Pharmaceuticals rose 4.3%, and Bank of America rose 1.9%. Macy's rose 4.6%after announcing a restructuring and naming a former eBay executive as its president. With less nervousness in the market, prices for Treasury bonds, gold, and other go-to investments for turbulent times fell. The Standard & Poor's 500 index rose 24 points, or 1%, to 2,452. The Dow Jones industrial average climbed 196 points, or 0.9%, to 21,899. The Nasdaq composite rose 84 points, or 1.4%, to 6,297. (Read more stock market stories.)

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