A choppy day on Wall Street ended with more gains for stocks Wednesday, as investors welcomed another batch of encouraging profit reports from U.S. companies.
The S&P 500 rose 0.6 percent, tacking more onto its big gains from a day earlier, when the benchmark index soared 2.8 percent, its best day in weeks.
The Dow Jones Industrial Average managed a modest 0.2 percent gain after recovering from a midafternoon pullback. The Nasdaq composite climbed 1.6 percent.
With the latest move higher the major indexes are on pace for a solid weekly gains.
“It’s not exactly the most robust day, but it’s nice to follow up on a day like yesterday,” said Ross Mayfield, investment strategist at Baird. “It feels like over the past couple of months good days have given it all back the very next day.”…