The stock provided the biggest boost to the S&P and the Dow.
S&P 500 measures the performance of 500 widely held common stocks of large-cap us companies.
A weaker-than-expected reading on USA consumer prices sent U.S. government bonds sharply higher, as the data sowed doubts about the likely pace of central bank rate hikes later in the year just hours before it was expected to raise them for a second time in 2017.
The Dow Jones Industrial Average began the session down 87 points, or 0.4%, at 21,285. Home Depot stock led the 18 advancing Dow components, gaining 1.8%, while Chevron's 1.4% loss paced the 12 Dow laggards.
The Federal cited continued U.S. economic growth and job market strength.
It's the latest depressing data point for active fund managers, who've struggled to reverse a streak of outflows in recent years as investors have eschewed stock-pickers in favor of their passive competitors.
AG Rosenstein sees no reason to fire Mueller
Trump later contradicted his own staff, saying on May 11 he had the Russian Federation issue in mind when he fired Comey. Ryan said Mueller , a former Federal Bureau of Investigation director, needs to stay focused on Russian Federation .
Pant, Kuldeep on flight to WI, no clarity on Kumble
The two were part of the five players kept on standby should there be need for an injury replacement. Pant had a brilliant performance for Delhi Daredevils in the tenth edition of Indian Premier League.
Fox News phases out 'Fair & Balanced' slogan
O'Reilly is gone, but Sean Hannity remains (for now), and O'Reilly's successor Tucker Carlson is no less partisan than he was. Ailes would also use "fair and balanced" as a measuring stick on whom to hire.
Weekly Federal Reserve balance sheet data showed total assets of $4.476 trillion, an increase from $4.462 trillion in the previous week.
"The market should take confidence in the fact that they're being very transparent in setting clear policy steps in terms of how they normalize the balance sheet", said Heidi Learner, chief economist for Savills Studley, a unit of Savills Plc, in NY.
Dow member Nike dropped 3.2 percent after announcing it would cut two percent of its global staff as part of a reorganization plan to beef up direct selling to consumers as e-commerce roils the retail sector. "Certainly more transparency is a good thing". The Standard & Poor's 500 closed at 2,432.46 for a loss of 5.46 points or 0.22%. Biogen's stock fell 3.1 per cent.
H&R Block rose 10.6 percent to $29.79 after the tax preparation service provider's fourth-quarter revenue and profit beat analysts' expectations.
About 7.1 billion shares changed hands in USA exchanges, above the 6.8 billion daily average over the last 20 sessions.