NEW YORK—Another tick higher for Wall Street Wednesday added to its big rally for the year following profit reports from a spate of banks and other big U.S. companies.
The S&P 500 rose 10.74, or 0.2 percent, to 4,565.72. After its seventh gain the last eight days, it’s now up nearly 19 percent for the year so far and at its highest level in more than 15 months.
The Dow Jones Industrial Average gained 109.28 points, or 0.3 percent, to 35,061.21, and the Nasdaq composite edged up by 4.38, or less than 0.1 percent, to 14,358.02.
Elevance Health helped lead the market after it climbed 4.4 percent. The insurance provider reported stronger profit and revenue for the spring than analysts expected, while raising its forecast for earnings over the full year….