Wall Street closed modestly higher following profit reports from a spate of banks and other big U.S. companies.
The S&P 500 rose 0.2% Wednesday after its seventh gain in the last eight days. The Dow added 109 points, or 0.3%, and the Nasdaq edged up less than 0.1%.
Elevance Health helped lead the market after it reported stronger profit and revenue for the spring than analysts expected. Several banks also rallied after reporting a rise in customer deposits. The S&P 500 is up nearly 19% for the year so far and at its highest level in more than 15 months.
On Wednesday:
The S&P 500 rose 10.74 points, or 0.2%, to 4,565.72.
The Dow Jones Industrial Average rose 109.28 points, or 0.3%, to 35,061.21.
The Nasdaq composite rose 4.38 points, or less than 0.1%, to 14,358.02.
The Russell 2000 index of smaller companies rose 8.82 points, or 0.4%, to 1,984.89.
For the week:
The S&P 500 is up 60.30 points, or 1.3%.
The Dow is up 552.18 points, or 1.6%.
The Nasdaq is up 244.32 points, or 1.7%.
The Russell 2000 is up 53.80 points, or 2.8%.
For the year:
The S&P 500 is up 726.22 points, or 18.9%.
The Dow is up 1,913.96 points, or 5.8%.
The Nasdaq is up 3,891.54 points, or 37.2%.
The Russell 2000 is up 223.64 points, or 12.7%.
Sourse: abcnews.go.com
