Stock Indexes Power to More Record Highs

Technology, health care companies see gains
By Newser Editors and Wire Services
Posted Jan 26, 2018 3:21 PM CST
In this Monday, Aug. 24, 2015 file photo, a man walks towards the New York Stock Exchange.   (AP Photo/Seth Wenig, File)

(Newser) – Stocks surged further into record territory Friday on Wall Street, driven by more gains in technology and health care companies, the AP reports. Chipmaker Intel jumped 10.6% after turning in strong quarterly results. AbbVie, a drugmaker, soared 13.8% after releasing a strong report of its own. Health care stocks had their biggest daily gain since the day after the presidential election.

The Standard & Poor's 500 index rose 33 points, or 1.2%, to 2,872. The Dow Jones industrial average added 222 points, or 0.8%, to 26,616. The Nasdaq gained 94 points, or 1.3%, to 7,505. Bond prices fell. The yield on the 10-year Treasury rose to 2.66%.

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