Stocks rise on Wall Street, extending weekly gains

DAMIAN J. TROISE

Stocks edged higher in morning trading on Wall Street Wednesday, putting major indexes on track to extend their weekly gains. The S&P 500 rose 0.3% and the Nasdaq rose 0.3%. The Dow Jones Industrial Average fell 0.1%. Big communications and technology companies helped lift the broader market. Shares in Google’s parent Alphabet are up 6.4% after it said its digital ad business propelled a 36% jump in profit last quarter. Investors continue to review the latest round of corporate earnings. Bond yields fell and held back banks. Energy stocks also fell and tempered gains elsewhere in the market.