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US Stocks Notch First Gain of Week

Dow ends day up 181
By Newser Editors and Wire Services
Posted Oct 9, 2019 3:16 PM CDT
Trader Craig Spector works on the floor of the New York Stock Exchange, Tuesday, Oct. 8, 2019. Stocks are opening lower on Wall Street as tensions rose between Washington and Beijing just ahead of the...   (AP Photo/Richard Drew)

(Newser) – Stocks are closing broadly higher on Wall Street, giving the market its first gain this week, the AP reports. Technology companies and banks led the way higher Wednesday. Microsoft rose 1.9% and Citigroup climbed 1.6%. The gains came as the latest round of talks on trade resumed between the US and China. Bloomberg News reported that China was open to accepting a partial trade deal. Johnson & Johnson fell 2% after a jury in Pennsylvania awarded $8 billion in damages against the company over its antipsychotic drug Risperdal. The S&P 500 rose 26 points, or 0.9%, to 2,919. The Dow Jones Industrial Average climbed 181 points, or 0.7%, to 26,346. The Nasdaq added 79 points, or 1%, to 7,903. (Read more stock market stories.)

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