Posted On: 08/13/2014 5:17:07 PM
Post# of 63750
Wall Street closes higher as biotechs soar
U.S. stocks ended higher on Wednesday, with the Dow returning to positive territory for the year as surging biotech shares helped the market shrug off weak earnings reports and soft retail data.
The Dow Jones industrial average .DJI rose 91.26 points or 0.55 percent, to end unofficially at 16,651.80. The S&P 500 .SPX gained 12.97 points or 0.67 percent, to finish unofficially at 1,946.72. The Nasdaq Composite .IXIC added 44.88 points or 1.02 percent, to close unofficially at 4,434.13.
U.S. stocks ended higher on Wednesday, with the Dow returning to positive territory for the year as surging biotech shares helped the market shrug off weak earnings reports and soft retail data.
The Dow Jones industrial average .DJI rose 91.26 points or 0.55 percent, to end unofficially at 16,651.80. The S&P 500 .SPX gained 12.97 points or 0.67 percent, to finish unofficially at 1,946.72. The Nasdaq Composite .IXIC added 44.88 points or 1.02 percent, to close unofficially at 4,434.13.
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