US stocks close higher, adding to a solid string of gains
Stocks are closing higher on Wall Street, extending the market’s recent string of gains. The S&P 500 ended with a gain of 1.5% Wednesday. Health care, technology and communication companies powered the rally. Energy companies fell along with crude oil prices. Treasury yields were mixed. DraftKings jumped 8% after announcing that basketball legend Michael Jordan would take an ownership stake in the company in exchange for becoming a special advisor to the sports betting site. Chipmakers were big gainers, reflecting optimism about demand for computers, video games and other devices. Lam Research rose 6.5%, one of the biggest gains in the S&P 500.
Become a Subscriber!
You have read all of your free articles this month. Select a plan below to start your subscription today.
Already a subscriber? Login
