Wall Street Gains Ground, Turning Higher for the Week

Wall Street Gains Ground, Turning Higher for the Week
Street signs at the intersection of Wall and Broad Streets in lower Manhattan, N.Y., on Oct. 13, 2021. John Minchillo/AP Photo
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Stocks closed broadly higher on Wall Street Wednesday and pushed major indexes into the green for the week, as investors welcomed a report showing consumer confidence is holding up better than expected.

The S&P 500 and Nasdaq composite each rose 1.5 percent. The Dow Jones Industrial Average gained 1.6 percent with a lot of help from Nike, which soared after reporting better-than-expected results.