Wall Street closed higher, led by a rally for Apple.
The S&P 500 climbed 0.7 percent Wednesday. The Dow Jones Industrial Average added 0.2 percent, and the Nasdaq composite rose 1.2 percent. Apple alone accounted for more than a third of the S&P 500’s gain ahead of an announcement at the White House where it’s expected to increase its U.S. investments by an additional $100 billion over the next four years.
Trading elsewhere on Wall Street was mixed following a jumble of profit reports. McDonald’s and Shopify rose following their latest updates. The Walt Disney Co. fell after its earnings beat forecasts but its revenue fell short.
On Wednesday:
The S&P 500 rose 45.87 points, or 0.7 percent, to 6,345.06.
The Dow Jones Industrial Average rose 81.38 points, or 0.2 percent, to 44,193.12.
The Nasdaq composite rose 252.87 points, or 1.2 percent, to 21,169.42.
The Russell 2000 index of smaller companies fell 4.38 points, or 0.2 percent, to 2,221.29.
For the week:
The S&P 500 is up 107.05 points, or 1.7 percent.
The Dow is up 604.54 points, or 1.4 percent.
The Nasdaq is up 519.29 points, or 2.5 percent.
The Russell 2000 is up 54.51 points, or 2.5 percent.
For the year:
The S&P 500 is up 463.43 points, or 7.9 percent.
The Dow is up 1,648.90 points, or 3.9 percent.
The Nasdaq is up 1,858.63 points, or 9.6 percent.
The Russell 2000 is down 8.87 points, or 0.4 percent.
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