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AP National Business

Stocks rise broadly on Wall Street with more help from tech

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KMIZ

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Published 9:37 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks closed broadly higher on Wall Street Wednesday, putting the market further into the green for the week after a solid gain a day earlier. The S&P 500 rose 1.5%. The Dow Jones Industrial Average rose 0.9% and the Nasdaq rose 2.1%. Technology and communications stocks led the way higher. Chipmaker Nvidia rose 6.4%. The yield on the 10-year Treasury note held steady at 1.95%, the highest it’s been since before the pandemic began. Chipotle Mexican Grill jumped 10.2%. The company reported strong quarterly results after raising its menu prices 4% in December as it faced higher costs for beef and labor.

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