Stocks Charge Higher on Wall Street, Erasing Weekly Losses

Stocks Charge Higher on Wall Street, Erasing Weekly Losses
Statues adorn the facade of the New York Stock Exchange in New York on July 14, 2022. John Minchillo/AP Photo
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Stock indexes on Wall Street closed solidly higher Wednesday, placing the market on pace to break a 3-week losing streak.

The S&P 500 rose 1.8 percent Wednesday, its biggest single-day gain in four weeks, with roughly 95 percent of the stocks in the benchmark index closing higher.