Stocks Rise for 6th Straight Day

More than half the losses from earlier this month have been wiped out
By Newser Editors and Wire Services
Posted Feb 16, 2018 3:19 PM CST
Trader James Dresch works on the floor of the New York Stock Exchange, Thursday, Feb. 15, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks ended an up-and-down day mostly higher Friday, capping a week of strong gains that wiped out more than half of the losses suffered in a series of wild swings in early February, the AP reports. The Standard & Poor's 500 index rose for the sixth day in a row, and health care companies posted big gains. Drugmaker AbbVie jumped 3.2%. Homebuilders rose following a report that new construction jumped last month. DR Horton rose 1%. Technology stocks fell, pulling the Nasdaq composite index lower.

The S&P 500 edged up 1 point to 2,732. The Dow Jones industrial average climbed 19 points, or 0.1%, to 25,219. The Nasdaq fell 16 points, or 0.2%, to 7,239. Bond prices rose. The yield on the 10-year Treasury fell to 2.87%.

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