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.


e-Newsletter Signup

Our weekly poll

Is your company participating in the federal payroll tax deferral program?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY