Skip to main content
Thursday, October 29, 2026Oct 29
Subscribe
All Sections
Search
More

This story is free to read.

Stocks rise on Wall Street, erasing much of their loss from a day earlier

Trader Matthew Cheslock, right, works on the floor of the New York Stock Exchange, Tuesday, June 16, 2026. (AP Photo/Richard Drew)
Trader Matthew Cheslock, right, works on the floor of the New York Stock Exchange, Tuesday, June 16, 2026. (AP Photo/Richard Drew) Trader Matthew Cheslock, right, works on the floor of the New York Stock Exchange, Tuesday, June 16, 2026. (AP Photo/Richard Drew)

By DAMIAN J. TROISE / AP Business Writer 4 min read

NEW YORK (AP) — Stocks rose on Wall Street Thursday and erased most of their losses from a day earlier to notch weekly gains.

The market’s reversal was powered by sharp gains for big technology companies. The decline on Wednesday was driven by anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation.

On Thursday, stocks faced less pressure as bond yields eased and oil prices spent most of the day falling.

The S&P 500 rose 80.48 points, or 1.1%, to 7,500.58. The Dow Jones Industrial Average rose 72.15 points, or 0.1%, to 51,564.70. The Nasdaq composite surged 496.28 points, or 1.9%, to 26,517.93. Every major index notched weekly gains.

U.S. markets will be closed Friday for Juneteenth.