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Tech, Health Care Lead Gains for Stocks

Dow ends day up 55
By Newser Editors and Wire Services
Posted Jul 17, 2018 3:04 PM CDT
Tech, Health Care Lead Gains for Stocks
Specialist Michael O'Mara, left, and trader Christopher Fuchs work on the floor of the New York Stock Exchange, Thursday, July 12, 2018. Stocks are opening higher as technology companies rally.   (AP Photo/Richard Drew)

(Newser) – Stocks shook off a weak start and ended higher on Wall Street, led by gains in technology, health care and consumer products companies, the AP reports. Johnson & Johnson added 3.5% Tuesday after reporting a strong quarter thanks to solid growth in its prescription drug business. Technology companies are also rising, and financial services company Charles Schwab rose 3.6% after its own results beat forecasts. Netflix fell 5.2% after missing its own targets for subscriber growth. The S&P 500 index rose 11 points, or 0.4%, to 2,809. The Dow Jones Industrial Average rose 55 points, or 0.2%, to 25,119. The Nasdaq composite rose 49 points, or 0.6%, to 7,855. (Read more stock market stories.)

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