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Wall Street closed higher as gains for most stocks outweighed
drops for Alphabet and some other big-name companies following
their latest profit reports.
The S&P 500 rose 0.4% Wednesday. The Dow Jones Industrial
Average added 0.7%, and the Nasdaq composite climbed 0.2%.
Mattel jumped after blowing past profit expectations for the
latest quarter. It helped offset a drop for Alphabet after
Google’s parent company reported slowing growth for its cloud
business. Treasury yields fell in the bond market after a report
said growth for U.S. services businesses fell short of
expectations.
On Wednesday:
The S&P 500 rose 23.60 points, or 0.4%, to 6,061.48.
The Dow Jones Industrial Average rose 317.24 points, or 0.7%, to
44,873.28.
The Nasdaq composite rose 38.31 points, or 0.2%, to 19,692.33.
The Russell 2000 index of smaller companies rose 26.03 points,
or 1.1%, to 2,316.23.
For the week:
The S&P 500 is up 20.95 points, or 0.3%.
The Dow is up 328.62 points, or 0.7%.
The Nasdaq is up 64.89 points, or 0.3%.
The Russell 2000 is up 28.54 points, or 1.2%.
For the year:
The S&P 500 is up 179.85 points, or 3.1%.
The Dow is up 2,329.06 points, or 5.5%.
The Nasdaq is up 381.54 points, or 2%.
The Russell 2000 is up 86.07 points, or 3.9%.
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