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Stocks close higher; Amazon gains, Macy's drops

By The Associated Press
Posted 4:21PM on Wednesday 13th August 2014 ( 9 years ago )
NEW YORK (AP) -- Technology and health care companies helped U.S. stocks close higher Wednesday, despite a mixed batch of economic news and a pullback in Japan's economy.<br /> <br /> Amazon rose 2.2 percent after the online retailing giant introduced a credit-card processing device designed to help small businesses.<br /> <br /> Macy's fell 5.5 percent after it cut its sales outlook for the year.<br /> <br /> The Standard & Poor's 500 index rose 12 points, or 0.7 percent, to close at 1,946.<br /> <br /> The Dow Jones industrial average rose 91 points, or 0.6 percent, to 16,651. The Nasdaq rose 44 points, or 1 percent, to 4,434.<br /> <br /> The yield on the 10-year Treasury note fell to 2.41 percent. Bond yields fall when prices rise.

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