Stocks indexes end higher on Wall Street

NEW YORK (AP) — Stock indexes are ending higher on Wall Street as traders hope that the Federal Reserve won’t move quickly to pull back on its economic stimulus.

The Standard & Poor’s 500 index ended up nine points at 1,640 Monday, an increase of 0.6 percent. It wavered between gains and losses in early trading, then turned higher in the last hour.

The Dow Jones industrial average ended up 138 points at 15,254, a gain of 0.9 percent. Merck had one of the biggest gains in the Dow after reporting encouraging clinical results in a skin-cancer treatment.

The Nasdaq composite index rose nine points, or 0.3 percent, to 3,465.

More stocks fell than rose on the New York Stock Exchange. Volume was heavier than usual at 3.9 billion shares.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus