» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 42 | NO. 19 | Friday, May 11, 2018

Health care leads gains for US stocks

The Associated Press

Print | Front Page | Email this story

NEW YORK (AP) — Health care companies led U.S. indexes modestly higher on Wall Street, closing out the market's biggest weekly gain since March.

Drug makers and other health companies ended broadly higher Friday after President Donald Trump announced plans to rein in drug prices that didn't seem to pose immediate threats to health care company profits.

CVS Health rose 3.2 percent and Merck climbed 2.8 percent.

Those gains outweighed losses in technology companies. Chipmaker Nvidia fell 2.2 percent.

The S&P 500 index rose 4 points, or 0.2 percent, to 2,727.

The Dow Jones industrial average gained 91 points, or 0.4 percent, to 24,831. The Nasdaq composite edged down 2 points to 7,402.

Bond prices fell. The yield on the 10-year Treasury rose to 2.97 percent.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0