NEW YORK: U.S. stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company's 737 MAX jets.
Tim Ghriskey, chief investment strategist at Inverness Counsel in New York, said the grounding gives Boeing time to address any problems and not face another potential disaster. Also helping stocks Wednesday, fresh economic data strengthened the Federal Reserve's patient stance on future interest rate hikes.
The Dow Jones Industrial Average rose 148.23 points, or 0.58 percent, to 25,702.89, the S&P 500 gained 19.4 points, or 0.69 percent, to 2,810.92 and the Nasdaq Composite added 52.37 points, or 0.69 percent, to 7,643.41.sentifi.comAdding to the upbeat mood was a vote in which British lawmakers rejected leaving the European Union without a deal in any scenario.
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