Major indexes rise broadly on Wall Street, adding to gains
By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
Stocks rose broadly on Wall Street Thursday as the market builds momentum a day after breaking a three-day losing streak. The S&P 500 added 1.6%, putting the benchmark index into the green for the week. The Dow Jones Industrial Average rose 1.5%, while the tech-heavy Nasdaq rose 1.7%. Health care stocks were putting up some of the best gains. UnitedHealth Group rose 4.1% after the leading health insurer reported earnings that easily beat analysts’ forecasts. The Labor Department reported a weekly drop in Americans applying for unemployment benefits. The yield on the 10-year Treasury fell to 1.51%.
