Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — The stock market had its best day in a month, shaking off a three-day slump.
The Dow Jones industrial average gained 154 points, or 0.9 percent, to 17,210 Wednesday.
The Standard & Poor's 500 index rose 15 points, or 0.8 percent, to 1,998. The Nasdaq composite rose 46 points, or 1 percent, to 4,555.
Bed Bath & Beyond jumped 7 percent. The home goods retailer reported earnings and revenue for its latest quarter that were better than Wall Street analysts were expecting.
Health care stocks rose the most of the 10 industry sectors in the S&P 500. Only one sector in the index fell, utilities.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
