U.S. stocks closed broadly higher Thursday as solid gains in technology and health care companies set the market on course to snap a two-week losing streak.
Trading was relatively quiet as markets reopened following the Independence Day holiday in the U.S., but could turn bumpier on Friday as U.S. tariffs on Chinese goods are set to kick in.
The S&P 500 index rose 23.39 points, or 0.9 per cent, to 2,736.61.
The Dow Jones Industrial Average gained 181.92 points, or 0.8 per cent, to 24,356.74.
The Nasdaq composite added 83.75 points, or 1.1 per cent, to 7,586.43.
The Russell 2000 index of smaller-company stocks picked up 19.06 points, or 1.1 per cent, to 1,679.48.
For the week:
The S&P 500 is up 18.24 points, or 0.7 per cent.
The Dow is up 85.33 points, or 0.4 per cent.
The Nasdaq is up 76.12 points, or 1 per cent.
The Russell 2000 is up 36.41 points, or 2.2 per cent.
For the year:
The S&P 500 is up 63 points, or 2.4 per cent.
The Dow is down 362.48 points, or 1.5 per cent.
The Nasdaq is up 683.04 points, or 9.9 per cent.
The Russell 2000 is up 143.97 points, or 9.4 per cent.
This article provided by NewsEdge.