U.S. Stocks Rise As Economy Indicates Improvement

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Stocks edged higher on Wall Street Thursday as investors received more signals that the economy is continuing to heal from the pandemic.

Economic reports showed that unemployment is falling and the U.S. economy grew at a solid rate during the first quarter.

The S&P 500 was up 0.1% as of 2:39 p.m. Eastern. The benchmark index had been up 0.4% in the early going. The Dow Jones Industrial Average rose 91 points, or 0.3% to 34,413, while the technology-heavy Nasdaq was up less than 0.1%. The Russell 2000 index of smaller stocks rose 1.1% in yet another signal that investors were confident about the economy going forward.

Industrial and financial stocks were among the biggest gainers. General Electric rose 6.5% for the biggest gain in the S&P 500, while Boeing was up 3.6%. Citigroup added 1%. Those gains were tempered largely by slide in technology companies. Health care and household goods makers also lagged the broader market.