NEW YORK (AP) — U.S. stocks are closing broadly higher, giving the market its fourth gain in a row.

Traders overlooked a weak report Tuesday on retail sales for June and focused on corporate earnings news.

Chip maker Micron Technology surged 11 percent on reports that a Chinese company was considering a takeover of the company.

The gains were broad. Nine of the 10 sectors of the Standard and Poor's 500 were higher. The only group that fell was utilities.

The Dow Jones industrial average gained 75 points, or 0.4 percent, to 18,053.

The Standard & Poor's 500 index increased nine points, or 0.5 percent, to 2,108. The Nasdaq composite climbed 33 points, or 0.7 percent, to 5,104.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.40 percent.