Dow ends up over 500 points on strong earnings, rise in consumer confidence


U.S. stocks cemented their biggest daily advance in almost two weeks on Wednesday as investors reacted to optimistic earnings from Nike Inc. and FedEx Corp., along with a surprisingly strong reading on consumer confidence. The S&P 500 SPX, +1.49% gained 56.82 points, or 1.5%, to finish at 3,878.44, according to Dow Jones Market Data. The Nasdaq Composite COMP, +1.54% advanced 162.26 points, or 1.5%, to close at 10,709.37. The Dow Jones Industrial Average DJIA, +1.60% gained 526.74 points, or 1.6%, to finish at 33,376.48.

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