Stocks closed higher for a fourth straight day on Wednesday after a report on hiring provided another encouraging sign that the economy is emerging from its winter slump. The catalyst on Wednesday was a private survey that showed that U.S. companies increased hiring at a rapid pace last month after a strong manufacturing survey a day earlier.
The Dow Jones industrial average rose 40.39 points, or 0.2 percent, to 16,573.
The Standard & Poor's 500 index added 5.38 points, or 0.3 percent, to 1,890.90.
The Nasdaq composite rose 8.42 points, or 0.2 percent, to 4,276.46.
For the week:
The Dow is up 249.94 points, or 1.5 percent.
The S&P 500 has risen 33.28 points, or 1.8 percent.
The Nasdaq is up 120.70 points, or 2.9 percent.
For the year:
The Dow Jones industrial average is down 3.66 points, or 0.02 percent.
The Standard & Poor's 500 index is up 42.54 points, or 2.3 percent.
The Nasdaq composite is up 99.87 points, or 2.4 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.