published on May 10, 2018 - 1:50 PM
Written by Associated Press

Stocks are closing solidly higher on Wall Street for the second day in a row, extending the market’s gains for the week.

Technology companies, which have continued to lead the market this year, contributed the most to the rally.

Apple rose 1.4 percent and Facebook climbed 1.6 percent. Google’s parent company, Alphabet, climbed 1.5 percent.

CenturyLink jumped 7.5 percent after reporting earnings that were much higher than analysts were expecting.

The S&P 500 index rose 25 points, or 0.9 percent, to 2,723.

The Dow Jones industrial average rose 196 points, or 0.8 percent, to 24,739.

The gain turned the Dow back to positive for the year.

The Nasdaq composite increased 65 points, or 0.9 percent, to 7,404.

Bond prices rose. The yield on the 10-year Treasury fell to 2.96 percent.

e-Newsletter Signup

Our weekly poll

What is the single-biggest reason for a spike in violent crime in Fresno?

Loading ... Loading ...

Central Valley Biz Blogs



Article views


Sign up icon

To continue website access to

please create a FREE account OR login here.


Article views


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

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