Stocks rebounded sharply yesterday as a key economic report soothed a rash of worry that the Federal Reserve may slow the economy to keep a lid on inflation.
Broader stock indexes rallied following a report saying wages and benefits - which often account for two-thirds of a product's price - rose just 0.7 per cent from January to March.
Advancing issues outnumbered decliners by more than a 3-to-1 margin on the New York Stock Exchange, with 2,348 up, 747 down and 416 unchanged.
NYSE volume totalled 693.04 million shares, against 638.10 million in the previous session.
The Standard and Poor's 500-stock list rose 17.13 to 1,111.75, and the NYSE composite index rose 9.07 to 577.37.
The Nasdaq composite index rose 16.77 to 1,868.41.
The Russell 2000 index of smaller companies rose 5.91 to 482.89, and the American Stock Exchange composite rose 4.20 to 746.52.
