How the Dow Jones industrial average and other major indexes fared on Wednesday

Markets Associated Press

U.S. stocks closed broadly higher on hopes of new stimulus measures for Europe's weak economy and a sharp rise in oil prices. It was the third straight gain for the Standard and Poor's 500, a first in the new year.

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For the day:

The Dow Jones industrial average climbed 39.05 points, or 0.2 percent, to 17,554.28.

The S&P 500 rose 9.57 points, or 0.5 percent, to close at 2,032.12.

The Nasdaq gained 12.58 points, or 0.3 percent, to 4,667.42.

For the week:

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The Dow is up 42.71 points, or 0.2 percent.

The S&P 500 is up 12.7 points, or 0.6 percent.

The Nasdaq is up 33.04 points, or 0.7 percent.

For the year:

The Dow is down 268.79 points, or 1.5 percent.

The S&P 500 is down 26.78 points, or 1.3 percent.

The Nasdaq is down 68.63 points, or 1.5 percent.