Stocks Erase Early Loss, Finish Higher

Market breaks 5-day losing streak
By Newser Editors and Wire Services
Posted Nov 15, 2018 3:00 PM CST
In this Thursday, Nov. 8, 2018, file photo, specialist Dilip Patel, left, works at his post on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – A rebound in technology stocks helped the market erase an early loss and finish higher, breaking a five-day losing streak, the AP reports. Banks and industrial stocks also rose Thursday, offsetting losses in retailers, homebuilders and utilities. Energy stocks rose along with crude oil. British bank stocks plunged and the pound slumped amid discord over a new deal for Britain's departure from the European Union next Spring. Power provider PG&E plunged another 30% as concerns mounted over whether it could sustain losses related to the devastating wildfire in Northern California. The S&P 500 index rose 28 points, or 1.1%, to 2,730. The Dow Jones Industrial Average rose 208 points, or 0.8%, to 25,289. The Nasdaq composite rose 122 points, or 1.7%, to 7,259. (Read more stock market stories.)

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