Stocks rise on Wall Street, extending their weekly gains

Stocks rise on Wall Street, extending their weekly gains

2 years ago
Anonymous $CLERCuPQwa

https://apnews.com/7fa9bf7091f55ddb6488acf89bec74e1

Stocks closed higher on Wall Street Wednesday, putting major indexes on track to extend their weekly gains. The S&P 500 rose 0.9% and the Nasdaq added 0.5%. The Dow Jones Industrial Average climbed 0.6%. Big communications and technology companies helped lift the broader market. Google’s parent Alphabet rose 7.5% after it said its digital ad business propelled a 36% jump in profit last quarter. Major indexes are on track for solid gains this week, a welcome turnaround from January’s losses. The yield on the 10-year Treasury note, which is used to set interest rates on mortgages, fell to 1.77%.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.