Stocks March to More Record Highs

S&P 500, Nasdaq, Dow all close at record highs
By Newser Editors and Wire Services
Posted Jul 19, 2017 3:11 PM CDT
Trader Luke Scanlon, center, moves through a crowd on the floor of the New York Stock Exchange, Monday, July 17, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks marched to more record highs on Wall Street, powered by gains in technology and health care companies, the AP reports. Drugmaker Vertex Pharmaceuticals surged 21% Wednesday following positive results from potential treatments for cystic fibrosis. Tech stocks continued to recover, and the technology component of the Standard & Poor's 500 index broke the record high it reached in 2000 during the dot-com bubble. Scripps Networks jumped 14.7% and Discovery Communications rose 4.3% following a report that they could combine. The S&P 500 rose 13 points, or 0.5%, to 2,473. The Dow Jones industrial average climbed 66 points, or 0.3%, to 21,640. The Nasdaq composite gained 40 points, or 0.6%, to 6,385. The Dow, S&P 500, and Nasdaq composite all closed at record highs. (Read more stock market stories.)

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