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AP National Business

Stocks rise on Wall Street, indexes head for weekly gains

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KMIZ

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Published 9:31 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks rose in afternoon trading on Wall Street Thursday, putting the major indexes on track for weekly gains and driving the S&P 500 toward a record high. The S&P 500 rose 0.8%, the Dow Jones Industrial Average rose 0.7% and the Nasdaq rose 1%. More than 80% of stocks within the benchmark S&P 500 gained ground, led by technology companies and a wide range of retailers. Bond yields rose. Safe-play sectors like real estate lagged behind. European markets were higher, and Asian markets closed higher overnight. U.S. markets will be closed Friday in observance of Christmas.

Article Topic Follows: AP National Business

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