NEW YORK (AP) — Stocks gained ground on Wall Street following several upbeat economic updates and a steady flow of quarterly reports from U.S. companies.

The S&P 500 rose 0.4% Wednesday. The Dow Jones Industrial Average climbed 0.5%, and the Nasdaq composite added 0.6%. McDonald’s rose after reporting that its sales benefited from the return of its popular Snack Wraps in the third quarter. Taser maker Axon Enterprise slumped after forecasting weaker profits than analysts were expecting. A report showed that the services sector expanded in October. European markets rose and Asian markets mostly fell.

The gains were broad and marked a reversal from the prior day’s dip. Nearly every sector within the S&P 500 gained ground and the index recovered a majority of its losses from Tuesday.

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