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BUSINESS Saturday 24 February 2018
A25

Broad rally helps stocks end a choppy week slightly higher

week. The Dow and Nas- sibling, printer and PC mak- companies also posted
daq finished with gains of er HP, also rose. The stock solid gains. Capital One
0.4 percent and 1.4 per- gained 74 cents, or 3.5 per- Financial was among the
cent, respectively. cent, to $22.13 after HP’s big gainers, adding $2.37,
Bond prices rose. The yield first-quarter earnings and or 2.5 percent, to $99.04.
on the 10-year Treasury revenue surpassed analyst Vertex Pharmaceuticals
note fell to 2.87 percent expectations. Its forecasts led the health care sector’s
from 2.92 percent. The yield for the rest of the year were winners. The stock climbed
declined for the second also better than excepted. $8.31, or 5.3 percent, to
day in a row after climbing Banks and other financials $165.90.q
as high as 2.95 percent on
Wednesday, the highest
level since January 2014.
That spike came after the
Federal Reserve's minutes
from its January policy Divi Village
Traders Michael Milano, left, and Patrick Casey work on the floor meeting showed bullish
of the New York Stock Exchange. Technology and health care Studio week 5 and 6
companies helped drive U.S. stocks broadly higher Friday. sentiment among policy- room#8203
(AP Photo/Richard Drew) makers, confirming their in- Studio week 7 room#7104
tention to raise interest 17 weeks remain 8 acclerated
By ALEX VEIGA Delwiche, investment strat- rates this year. $7000 each
AP Business Writer egist at Baird. "Now you Earlier this month, global Call:6301307
Wall Street capped several have a day when yields are stock markets, particularly johnnypaesch@gmail.com
days of choppy trading Fri- moving away from that. At those in the U.S., suffered ________________________________209166
day with a broad rally that least for now, that probably big losses amid mounting
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of the market's gains. En- or 1.6 percent, to 2,747.30. day-to-day on inflation and $8500
ergy companies also rose The Dow Jones industrial the Fed, but over the long 26 weeks remain 10 acclerated
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The rally came as bond points, or 1.4 percent, to market to emerge higher," johnnypaesch@gmail.com
yields pulled back for the 25,309.99. The Nasdaq said Craig Callahan, presi- _______________________________209166
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sharply lower. eter for the stock market, strong fiscal first quarter ________________________________209166
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