Stocks climb for 3rd day in a row, erasing Monday's plunge

Stocks climb for 3rd day in a row, erasing Monday's plunge

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/398868ea103e4c3bb6ae643f44c15784

Stocks marched higher on Wall Street for the third straight day Thursday, erasing the big plunge they took at the start of the week on worries about the worsening trade fight between China and the U.S.

Technology stocks, health care companies and banks accounted for much of the market's broad gains. Banks were benefiting from higher bond yields, which allow them to charge higher interest rates on loans. Bank of America rose 1.7% and Citigroup gained 1.9%. Bond yields rose following a surprising rise in new home construction in April.

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