Stocks rise broadly as indexes hover around record highs

Published October 28, 2021 9:34 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks rose broadly in afternoon trading on Wall Street Thursday and put major indexes on a path to edge past record highs. The S&P 500 rose 0.8% and the Nasdaq rose 1.2%, both near all-time highs. The Dow Jones Industrial Average rose 0.4%. It’s a big day for company earnings reports. Ford jumped 8.3% after reporting earnings that easily beat analysts’ forecasts and raising its full-year outlook. Heavy equipment maker Caterpillar rose 3.4% after turning in strong results. Apple and Amazon report after the closing bell. The yield on the 10-year Treasury rose to 1.57%.

Article Topic Follows: AP National Business

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