How the major stock indexes fared Wednesday

AP News
Posted: Aug 24, 2011 5:16 PM
How the major stock indexes fared Wednesday

Stocks closed higher for the third day in a row after a late afternoon surge. Gold plunged $104 to $1757 an ounce and government bond yields rose as investors became less fearful. A rise in orders for cars, aircraft and other long-lasting goods in July eased fears that the U.S. was headed for another recession.

The Dow Jones industrial average rose 143.95 points, or 1.3 percent, to 11,320.71.

The S&P 500 index rose 15.25, or 1.3 percent, to 1,177.60.

The Nasdaq rose 21.63, or 0.9 percent, to 2,467.69.

For the week:

The Dow is up 503.06, or 4.7 percent

The S&P 500 is up 54.07, or 4.8 percent

The Nasdaq is up 125.85, or 5.4 percent

For the year to date:

The Dow is down 256.80, or 2.2 percent.

The S&P 500 is down 80.04, or 6.4 percent.

The Nasdaq is down 185.18, or 7.0 percent.