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.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
'It's personal to me' The law would require businesses to have proper state licensing, prove that their employees are paid and ban staff from living at the spas or sleeping there overnight. Repeat offenders could face penalties up to $25,000. NewsdayTV's Shari Einhorn has more.
