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VOL. 41 | NO. 20 | Friday, May 19, 2017
Industrials lead US stocks broadly higher
The Associated Press
Industrial companies led U.S. stocks broadly higher, extending the market's modest gains from the day before.
Investors were cheering solid earnings from several companies Friday. Banks and materials stocks were also up sharply. Energy companies also moved higher as the price of crude oil rose.
Deere & Co. jumped 7 percent after delivering a strong earnings report, and Chesapeake Energy climbed 4 percent.
Foot Locker plunged 17 percent after its profits fell short of analysts' forecasts.
The Standard & Poor's 500 index increased 16 points, or 0.7 percent, to 2,381.
The Dow Jones industrial average gained 141 points, or 0.7 percent, to 20,804. The Nasdaq composite rose 28 points, or 0.5 percent, to 6,083.
Indexes still ended the week lower after a big drop on Wednesday.