NEW YORK — Stocks are ending broadly higher as traders were encouraged by an increase in consumer spending last month.
Microsoft helped technology companies recover from a week of losses. The biotech sector took another tumble, and the maker of “Candy Crush Saga” fell for the third straight day after its market debut.
The Standard & Poor’s 500 index rose eight points, or 0.5 percent, to close at 1,857 today.
The Dow Jones industrial average rose 58 points, or 0.4 percent, to 16,323 and the Nasdaq composite rose four points, or 0.1 percent, to 4,155.
CBS Outdoor rose 5 percent on its first day of trading. The billboard company is splitting off from CBS.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.72 percent.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.