Tech Leads US Stocks Higher

Dow ends day up 227
By Newser Editors and Wire Services
Posted Sep 11, 2019 3:04 PM CDT
Tech Leads US Stocks Higher
In this Tuesday, Aug. 13, 2019, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing broadly higher on Wall Street as investors welcomed China's move to exempt some US products from a recent round of tariffs, the AP reports. Technology, health care and communication services stocks powered much of the gains Wednesday for the S&P 500, which has been essentially flat for much of the week. Investors also continued to favor smaller-company stocks. Apple climbed 3.2% a day after announcing a new lineup of iPhones and a low-priced video streaming service to compete with Netflix. The S&P 500 rose 21 points, or 0.7%, to 3,000. The Dow Jones Industrial Average rose 227 points, or 0.8%, to 27,136. The Nasdaq climbed 85 points, or 1.1%, to 8,169. Bond prices fell. The yield on the 10-year Treasury rose to 1.74%. (Read more stock market stories.)

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