How major US stock indexes fared Thursday
The Associated Press
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Stocks are closing higher on Wall Street Thursday, snapping a three-day losing streak that included the biggest drop for the S&P 500 since February.
Technology stocks, which were hurt hard earlier in the week, were among the bigger gainers. Apple, Microsoft and Google parent Alphabet all rose. Stocks had been falling this week as investors became concerned about inflationary pressures.
The price for Bitcoin dropped 10% after Tesla CEO Elon Musk reversed his earlier position on the digital currency and said the electric car maker would no longer accept it as payment. Bond yields fell.
How major US stock indexes fared Thursday
The Associated Press
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Stocks are closing broadly higher on Wall Street, pushing the S&P 500 past 4,000 points for the first time.
Big Tech companies like Microsoft led the gains. The benchmark index climbed 1.1%, and the tech-heavy Nasdaq added 2.6%. Smaller companies continued to outpace the rest of the market. Companies that would benefit from greater sales of electric vehicles rose after President Joe Biden outlined various measures to support their use as part of his massive infrastructure plan.
On Thursday:
The Dow Jones Industrial Average rose 171.66 points, or 0.5%, to 33,153.21.
The Nasdaq rose 233.23 points, or 1.8%, to 13,480.11.