Broad gains for stocks, led by tech companies
Traders Kevin Lodewick, left, and Michael Milano work on the floor of the NYSE Thursday, July 6, 2017. Credit: AP / Richard Drew
Stocks are closing broadly higher on Wall Street, led by solid gains in big technology companies.
Facebook climbed 2.3 percent Wednesday, and Microsoft rose 1.7 percent.
Airlines rose after United Continental and American Airlines reported solid results for June. United jumped 4.7 percent and American gained 4.2 percent.
NRG Energy soared 29 percent after announcing plans to raise up to $4 billion through asset sales in a bid to lower debt.
The Standard & Poor’s 500 index rose 17 points, or 0.7 percent, to 2,443.
The Dow Jones industrial average climbed 123 points, or 0.6 percent, to 21,532, a record high.
The Nasdaq composite rose 67 points, or 1.1 percent, to 6,261.
Bond prices rose. The yield on the 10-year Treasury fell to 2.32 percent.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
