Stocks extend their gains Wednesday

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NEW YORK (AP) Stocks extended their gains on Wednesday as investors remain optimistic that the U.S. and China will make more progress in resolving their trade dispute.

Energy companies, retailers and industrial companies led the market higher Wednesday, a sign that investors expect the economy to remain healthy.

Exxon Mobil rose 1.1 percent and Home Depot climbed 1.6 percent.

Hilton Worldwide jumped 6.8 percent after its earnings and revenue easily beat analysts' forecasts.

The S&P 500 index rose 8 points, or 0.3 percent, to 2,753.

The Dow Jones Industrial Average climbed 117 points, or 0.5 percent, to 25,543.

The Nasdaq edged up 5 points, or 0.1 percent, to 7,420.

Bond prices fell.

The yield on the 10-year Treasury rose to 2.71 percent.