A majority of the major sectors moved to the upside on the day, but most still ended the day showing relatively modest moves.
Computer hardware stocks saw significant strength, however, with the NYSE Arca Computer Hardware Index advancing by 1.6%.
Software, internet, and semiconductor stocks also moved notably higher, reflecting strength in the tech sector as a whole following upbeat guidance from semiconductor giant
Energy and transportation stocks also saw some strength on the day, with airline stocks regaining some ground after falling rather sharply over the past few sessions.
The major averages saw some volatility in the final hour of trading but managed to close in positive territory. The Dow rose 41.55 points or 0.3% to 16,775.74, the Nasdaq climbed 13.02 points or 0.3% to 4,310.65 and the S&P 500 advanced 6.05 points or 0.3% to 1,936.16.
Despite the modest gains on the day, the major averages all moved lower for the week. The Dow and the S&P 500 fell by 0.9% and 0.7%, respectively, while the Nasdaq edged down by 0.2%.
Most Popular Stories
- James Foley Beheading Video Is Real Thing: White House
- McDonald's Packages Coffee for National Distribution
- Apple Stock Bounces Back Big Time
- Notes From the July FOMC Meeting
- Honda's Safe Approach Pays Off in Sales
- Castro-Blanco Joins Fifth Street Finance Board
- GE Healthcare Bringing Jobs to Massachusetts
- Ballmer Steps Down From Microsoft Board
- Target Slashes Annual Profit Outlook
- Google Kid Accounts Plan Raises Worries