Stocks closed solidly higher on Wall Street Wednesday, led by big gains in technology and health care companies.
The S&P 500 had its best day in about five months. The tech-heavy Nasdaq was the standout, notching its biggest gain in more than six months. Health insurers were big winners, too, as prospects for an overhaul of the industry dimmed.
While the fate of the U.S. presidency remains undecided, investors focused on the benefits of the country’s political control remaining split between Democrats and Republicans.
The S&P 500 rose 74.42 points, or 2.2%, to 3,443.44.
The Dow Jones Industrial Average added 367.63 points, or 1.3%, to 27,847.66.
The Nasdaq composite gained 430.21 points, or 3.9%, to 11,590.78.
The Russell 2000 small-caps index picked up 0.79 points, less than 0.1%, to 1,615.08.
For the week:
The S&P 500 is up 173.48 points, or 5.3%.
The Dow is up 1,346.06 points, or 5.1%.
The Nasdaq is up 679.19 points, or 6.2%.
The Russell 2000 is up 76.60 points, or 5%.
For the year:
The S&P 500 is up 212.66 points, or 6.6%.
The Dow is down 690.78 points, or 2.4%.
The Nasdaq is up 2,618.18 points, or 29.2%.
The Russell 2000 is down 53.39 points, or 3.2%.