Tech Gains Push Stocks Higher

Nasdaq closes at record high
By Newser Editors and Wire Services
Posted Oct 13, 2017 3:11 PM CDT
Specialist Meric Greenbaum, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange, Thursday, Oct. 12, 2017.   (AP Photo/Richard Drew)

(Newser) – Stock indexes closed slightly higher on Wall Street, driven by solid gains in technology companies, the AP reports. HP rose 6.4% Friday after giving a strong outlook for next year. Health insurers and hospital operators fell sharply after President Donald Trump said the government will halt payments to insurers under the Affordable Care Act, which Republicans have been trying to repeal. Tenet Healthcare, a hospital company, dropped 5.1%. Centene, a Medicaid program administrator, fell 3.3%. The Standard & Poor's 500 index rose 2 points, or 0.1%, to 2,553. The Dow Jones industrial average rose 30 points, or 0.1%, 22,871. The Nasdaq composite rose 14 points, or 0.2%, to 6,605. The Nasdaq closed at another record high. (Read more stock market stories.)

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