Markets Right Now: Technology leads more gains for US stocks
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are closing solidly higher on Wall Street for the second day in a row, extending the market's gains for the week.
Technology companies, which have continued to lead the market this year, contributed the most to the rally.
Apple rose 1.4 percent and Facebook climbed 1.6 percent. Google's parent company, Alphabet, climbed 1.5 percent.
CenturyLink jumped 7.5 percent after reporting earnings that were much higher than analysts were expecting.
The S&P 500 index rose 25 points, or 0.9 percent, to 2,723.
The Dow Jones industrial average rose 196 points, or 0.8 percent, to 24,739. The gain turned the Dow back to positive for the year.