S&P 500 Closes at Record High

Dow ends day up 40
By Newser Editors and Wire Services
Posted Sep 28, 2017 3:11 PM CDT
Trader John Panin, center, works on the floor of the New York Stock Exchange, Thursday, Sept. 14, 2017.   (AP Photo/Richard Drew)

(Newser) – Health care companies led US indexes slightly higher on Wall Street, and small-company stocks continued their record-setting run, the AP reports. AbbVie jumped 5% Thursday after saying it had reached a deal with a rival that would delay competition for its anti-inflammatory treatment Humira, the biggest-selling drug in the world. Technology and financial companies also rose. Applied Materials rose 3.6% and T. Rowe Price increased 2.3%. The Standard & Poor's 500 rose 3 points, or 0.1%, to 2,510. The Dow Jones industrial average climbed 40 points, or 0.2%, to 22,381. The Nasdaq edged up a fraction of a point to 6,453. The Russell 2000 index of smaller-company stocks rose nearly 4 points, or 0.3%, to 1,488. The S&P 500 and the Russell 2000 closed at record highs. (Read more stock market stories.)

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