published on May 18, 2017 - 1:30 AM
Written by Associated Press

Solid gains in phone companies and some retailers pushed U.S. stock indexes modestly higher on Wall Street, recouping some of the ground they lost a day earlier.

AT&T and Verizon each rose 1.3 percent Thursday.

Wal-Mart Stores rose 3.2 percent and L Brands climbed 2.7 percent after both reported better earnings than analysts were expecting.

The slight gains came a day after the market’s worst drop since September as political tumult deepened in Washington. Investors are worried that President Donald Trump will have trouble enacting tax cuts and other business-friendly policies.

The Standard & Poor’s 500 index increased 8 points, or 0.4 percent, to 2,365.

The Dow Jones industrial average gained 56 points, or 0.3 percent, to 20,663. The Nasdaq composite rose 43 points, or 0.7 percent, to 6,055.

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