Wall Street closed higher, led by a rally for Apple.
The S&P 500 climbed 0.7% Wednesday. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1.2%. 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%, to 6,345.06.
The Dow Jones Industrial Average rose 81.38 points, or 0.2%, to 44,193.12.
The Nasdaq composite rose 252.87 points, or 1.2%, to 21,169.42.
The Russell 2000 index of smaller companies fell 4.38 points, or 0.2%, to 2,221.29.
For the week:
The S&P 500 is up 107.05 points, or 1.7%.
The Dow is up 604.54 points, or 1.4%.
The Nasdaq is up 519.29 points, or 2.5%.
The Russell 2000 is up 54.51 points, or 2.5%.
For the year:
The S&P 500 is up 463.43 points, or 7.9%.
The Dow is up 1,648.90 points, or 3.9%.
The Nasdaq is up 1,858.63 points, or 9.6%.
The Russell 2000 is down 8.87 points, or 0.4%.