X

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
Dow Ends Day Up 62
Trader Fred DeMarco, left, and specialist Anthony Rinaldi work on the floor of the New York Stock Exchange, Friday, May 11, 2018.   (AP Photo/Richard Drew)

(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.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X