Stock indexes gave up early losses and edged higher Wednesday after the Federal Reserve reported encouraging news on the economy. Manufacturing, consumer spending and corporate hiring increased in all 12 regions surveyed by the central bank.
The Dow Jones industrial average rose 7.41 points, or 0.1 percent, to close at 12,270.99.
The S&P 500 index rose 0.25, or less than 0.1 percent, to 1,314.41.
The Nasdaq composite index gained 16.73, or 0.6 percent, to 2,761.52.
For the week:
The Dow is down 109.06, or 0.9 percent.
The S&P is down 13.76, or 1 percent.
The Nasdaq is down 18.89, or 0.7 percent.
For the year to date:
The Dow is up 693.48, or 6.0 percent.
The S&P is up 56.77, or 4.5 percent.
The Nasdaq is up 108.65, or 4.1 percent.