Wall Street posts solid gains, as defensives, tech shine

The Dow Jones Industrial Average .DJI rose 194.23 points, or 0.64%, to 30,677.36, the S&P 500 .SPX gained 35.84 points, or 0.95%, to 3,795.73 and the Nasdaq Composite .IXIC added 179.11 points, or 1.62%, to 11,232.19.

NEW YORK: Wall Street's main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted about a potential recession.

The benchmark S&P 500 swung between positive and negative during the session, but stocks picked up steam heading into the market's close. Benchmark U.S. Treasury yields fell to two-week lows, supporting tech and other rate-sensitive growth stocks.