How the major stock indexes fared Wednesday

AP News
Posted: May 18, 2011 5:16 PM
How the major stock indexes fared Wednesday

Widespread gains in commodity prices lifted energy and materials companies as part of a broad stock market rally Wednesday after three days of declines. Stocks built on morning gains after the Federal Reserve released minutes that showed that officials agreed that the economy is improving, which could lead to higher demand for raw materials like steel and fertilizer.

The Dow Jones industrial average added 80.60 points, or 0.6 percent, to close at 12,560.18.

The S&P index rose 11.70, or 0.9 percent, to 1,340.68.

The Nasdaq composite gained 31.79, or 1.1 percent, to 2,815.

For the week:

The Dow is down 35.57, or 0.3 percent.

The S&P is up 2.9, or 0.2 percent.

The Nasdaq is down 13.47, or 0.5 percent.

For the year to date:

The Dow is up 982.67, or 8.5 percent.

The S&P is up 83.04, or 6.6 percent.

The Nasdaq is up 162.13, or 6.1 percent.