(Photo by Erik McGregor/Sipa USA)
NEW YORK CITY – (77WABC/AP)
Stocks rose in morning trading on Wall Street Thursday, keeping the market on track for solid gains in this holiday-shortened week. The S&P 500 rose 0.6%, the Dow Jones Industrial Average rose 0.7% and the Nasdaq rose 0.5%. Roughly 85% of stocks within the benchmark S&P 500 gained ground, led by technology companies and banks.
The index is on track for a 2.3% gain this week. Bond yields rose. Safe-play sectors like real estate and utilities lagged behind. European markets were higher, and Asian markets closed higher overnight. U.S. markets will be closed Friday in observance of Christmas.
