China’s currency lifts US stocks

Associated Press

NEW YORK

A rocky week for the stock market ended on a bright note as investors bought stocks across industries.

Stocks wavered in the morning before climbing steadily during the afternoon amid a mix of earnings results. The market also got a lift as China’s currency steadied after a slump earlier in the week that shook financial markets around the world. The gains were modest but broad, with nine of the 10 sectors of the Standard and Poor’s 500 index ending higher.

The S&P 500 climbed 8.15 points, or 0.4 percent, to 2,091.54. The Dow Jones industrial average rose 69.15 points, or 0.4 percent, to end at 17,477.40. The Nasdaq composite rose 14.68 points, or 0.3 percent, to 5,048.24.