Dow Ends Day Up 62

US stock indexes close broadly higher
By Newser Editors and Wire Services
Posted May 16, 2018 3:18 PM CDT

(Newser) – Stocks are closing higher on Wall Street as technology and health care companies post solid gains, the AP reports. Retailers also did well Wednesday, led by a 10.8% surge in Macy's after the company reported a surprisingly strong quarter. Target added 2.9%. Small-company stocks fared even better than the rest of the market. Safe-play stocks like utilities and real estate companies lagged. Abaxis soared 16.2% after the veterinary diagnostic products company agreed to be acquired by Zoetis. The S&P 500 index rose 11 points, or 0.4%, to 2,722. The Dow Jones industrial average climbed 62 points, or 0.3%, to 24,768. The Nasdaq composite increased 46 points, or 0.6%, to 7,398. (Read more stock market stories.)

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