U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies.
The S&P 500 climbed 0.5 percent Wednesday, a day after sliding from its all-time high because of tumbling energy and technology stocks. The Dow Jones Industrial Average added 0.8 percent, notching another record high, and the Nasdaq composite rose 0.3 percent.
Exxon Mobil and other energy producers stabilized a day after tumbling with the price of crude oil. Stocks in the chip industry also held up better a day after a market-shaking warning from Dutch supplier ASML. Treasury yields eased in the bond market.
On Wednesday:
The S&P 500 rose 27.21 points, or 0.5 percent, to 5,842.47.
The Dow Jones Industrial Average rose 337.28 points, or 0.8 percent, to 43,077.70.
The Nasdaq composite rose 51.49 points, or 0.3 percent, to 18,367.08.
The Russell 2000 index of smaller companies rose 36.86 points, or 1.6 percent, to 2,286.68.
For the week:
The S&P 500 is up 27.44 points, or 0.5 percent.
The Dow is up 213.84 points, or 0.5 percent.
The Nasdaq is up 24.14 points, or 0.1 percent.
The Russell 2000 is up 52.27 points, or 2.3 percent.
For the year:
The S&P 500 is up 1,072.64 points, or 22.5 percent.
The Dow is up 5,388.16 points, or 14.3 percent.
The Nasdaq is up 3,355.73 points, or 22.4 percent.
The Russell 2000 is up 259.60 points, or 12.8 percent.
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