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Health, Tech Companies Push Stocks to Record Highs

S&P 500 has risen for 8 straight weeks
By Newser Editors and Wire Services
Posted Nov 3, 2017 3:16 PM CDT

(Newser) – Stocks are closing at record highs as technology and health care companies rise, the AP reports. Apple jumped 2.7% Friday after a strong quarterly report and forecast. Health care companies broke out of a recent slump. Medical device maker Abbott Labs rose 2%. The Labor Department said employers added 261,000 jobs in October, but that was fewer than experts expected. The Standard & Poor's 500 index has risen for eight straight weeks, its longest streak in almost four years. The S&P 500 rose 7 points or 0.3% to 2,587 Friday. The Dow Jones industrial average rose 22 points or 0.1% to 23,539. The Nasdaq composite jumped 49 points or 0.7% to 6,764. (Read more stock market stories.)

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