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published on March 28, 2017 - 8:23 PM
Written by Associated Press

A rally in bank stocks led U.S. indexes broadly higher on Wall Street, breaking an eight-day losing streak for the Dow Jones industrial average.

Investors were encouraged Tuesday by a survey that showed consumer confidence had climbed to the highest level in more than 16 years.

Apple rose 2 percent and Goldman Sachs gained 1.7 percent, the biggest gains in the Dow.

Darden Restaurants, which owns Olive Garden, gained 9 percent after reporting strong earnings and an acquisition.

The Standard & Poor’s 500 index climbed 17 points, or 0.7 percent, to 2,358.

The Dow jumped 150 points, or 0.7 percent, to 20,701. The Nasdaq composite increased 34 points, or 0.6 percent, to 5,875.

Three stocks rose for every one that fell on the New York Stock Exchange.


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