Dow Ends Day Up 72

Stocks close modestly higher
By Newser Editors and Wire Services
Posted Nov 20, 2017 3:11 PM CST
Trader John Panin works on the floor of the New York Stock Exchange, Friday, Nov. 17, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks closed modestly higher, led by gains in banks and technology companies, the AP reports. Chipmaker Cavium jumped 11% Monday after agreeing to be acquired by Marvell Technology. Retailers were also in the winning column as investors hoped that shoppers would be spending more this holiday season. Companies that make opioid pain medications fell sharply after the government released a much higher estimate of the costs of the ongoing addiction crisis. Insys Therapeutics lost 3%. The Standard & Poor's 500 index rose 3 points, or 0.1%, to 2,582. The Dow Jones industrial average rose 72 points to 23,430. The Nasdaq composite rose 7 points, or 0.1%, to 6,790. (Read more stock market stories.)

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