Stocks closed broadly higher on Wall Street Wednesday as investors welcomed China’s move to exempt some U.S. products from a recent round of tariffs.
Technology, health care and communication services stocks powered much of the gains for the S&P 500, which has been essentially flat for much of the week. Investors also continued to favor smaller-company stocks.
The S&P 500 rose 21.54 points, or 0.7%, to 3,000.93.
The Dow Jones Industrial Average gained 227.61 points, or 0.8%, to 27,137.04.
The Nasdaq picked up 85.52 points, or 1.1%, to 8,169.68.
The Russell 2000 index of smaller-company stocks climbed 32.72 points, or 2.1%, to 1,575.71.
For the week:
The S&P 500 is up 22.22 points, or 0.7%.
The Dow is up 339.58 points, or 1.3%.
The Nasdaq is up 66.60 points, or 0.8%.
The Russell 2000 is up 70.54 points, or 4.7%.
For the year:
The S&P 500 is up 494.08 points, or 19.7%.
The Dow is up 3,809.58 points, or 16.3%.
The Nasdaq is up 1,534.40 points, or 23.1%.
The Russell 2000 is up 227.15 points, or 16.8%.