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

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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.

This article was originally published by Marketwatch.com. Read the original article here.

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