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
Health, Tech Companies Push Stocks to Record Highs
Trader Peter Tuchman, left, and New York Stock Exchange President Tom Farley don caps marking "Dow 23,500," on the trading floor as the index crosses the milestone, Wednesday, Nov. 1, 2017.   (AP Photo/Richard Drew)

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. (More stock market stories.)

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