Stocks closed broadly higher on Wall Street Wednesday as investors welcomed China’s move to exempt some U.S. products from a recent round of tariffs.
Technology, health care and communication services stocks powered much of the gains for the S&P 500, which has been essentially flat for much of the week. Investors also continued to favor smaller-company stocks.
The S&P 500 rose 21.54 points, or 0.7%, to 3,000.93.
The Dow Jones Industrial Average gained 227.61 points, or 0.8%, to 27,137.04.