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 percent Wednesday. The Dow Jones Industrial Average added 0.7 percent, and the Nasdaq composite climbed 0.2 percent.
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 percent, to 6,061.48.
The Dow Jones Industrial Average rose 317.24 points, or 0.7 percent, to 44,873.28.
The Nasdaq composite rose 38.31 points, or 0.2 percent, to 19,692.33.
The Russell 2000 index of smaller companies rose 26.03 points, or 1.1 percent, to 2,316.23.
For the week:
The S&P 500 is up 20.95 points, or 0.3 percent.
The Dow is up 328.62 points, or 0.7 percent.
The Nasdaq is up 64.89 points, or 0.3 percent.
The Russell 2000 is up 28.54 points, or 1.2 percent.
For the year:
The S&P 500 is up 179.85 points, or 3.1 percent.
The Dow is up 2,329.06 points, or 5.5 percent.
The Nasdaq is up 381.54 points, or 2 percent.
The Russell 2000 is up 86.07 points, or 3.9 percent.
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