X

Dow Edges Up 23

And the S&P rises 8 points on upbeat day
By Newser Editors and Wire Services
Posted Oct 17, 2019 3:18 PM CDT
In this Oct. 2, 2019, file photo traders Daniel Trimble, left, and Timothy Nick work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing broadly higher on Wall Street as some solid corporate earnings and a breakthrough in negotiations over Britain's exit from the European Union put investors in a buying mood, the AP reports. Companies including Netflix, CSX, and Morgan Stanley rose Thursday after reporting surprisingly good profits. Industrial and health care companies posted solid gains, as did communications stocks. A 5.5% drop in IBM helped pull technology stocks lower. The S&P 500 rose 8 points, or 0.3%, to 2,997. The Dow Jones Industrial Average edged up 23 points, or 0.1%, to 27,025. The Nasdaq added 32 points, or 0.4%, to 8,156. Bond prices fell. The yield on the 10-year Treasury rose to 1.76%. (Read more stock market stories.)

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