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Dow Ends Day Up 214

US stocks rise for the 3rd day in a row
By Newser Editors and Wire Services
Posted May 16, 2019 3:16 PM CDT
In this May 9, 2019, file photo trader Fred DeMarco works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks marched higher on Wall Street for the third straight day, erasing most of the plunge they took at the start of the week on worries about the worsening trade fight between China and the US. Technology stocks, banks and health care companies accounted for much of the market's broad gains. Microsoft rose 2.3%, JPMorgan Chase rose 1.3% and Merck rose 2%. The steady gains mark a turnaround from Monday, when stocks took a nosedive after Beijing issued retaliatory tariffs on US goods. The S&P 500 added 25 points, or 0.9%, to 2,876. The Dow Jones Industrial Average rose 214 points, or 0.8%, to 25,862. The Nasdaq gained 75 points, or 1%, to 7,898. (Read more stock market stories.)

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