Markets Right Now: Stocks close higher on Wall Street

Republished September 28, 2017 - 1:15 PM

Original Publication Date September 28, 2017 - 6:46 AM

NEW YORK - The latest on developments in financial markets (All times local):

4 p.m.

Health care companies led U.S. indexes slightly higher on Wall Street, and small-company stocks continued their record-setting run.

AbbVie jumped 5 per cent Thursday after saying it had reached a deal with a rival that would delay competition for its anti-inflammatory treatment Humira, the biggest-selling drug in the world.

Technology and financial companies also rose. Applied Materials rose 3.6 per cent and T. Rowe Price increased 2.3 per cent.

The Standard & Poor's 500 rose 3 points, or 0.1 per cent, to 2,510.

The Dow Jones industrial average climbed 40 points, or 0.2 per cent, to 22,381. The Nasdaq edged up a fraction of a point to 6,453.

The Russell 2000 index of smaller-company stocks rose nearly 4 points, or 0.3 per cent, to 1,488.

The S&P 500 and the Russell 2000 closed at record highs.

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11:45 a.m.

Stocks are mixed in midday trading on Wall Street as technology companies decline and health care companies rise.

Apple fell 1 per cent Thursday. Drug and medical device maker Abbott Laboratories rose 3.2 per cent after regulators approved its new blood glucose monitoring system for diabetes patients.

The Standard & Poor's 500 index was down a fraction of a point at 2,506.

The Dow Jones industrial average rose 33 points, or 0.2 per cent, to 22,374. The Nasdaq composite fell 14 points, or 0.2 per cent, to 6,439.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.33 per cent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street, led by declines in technology and industrial companies.

Western Digital lost 2.3 per cent early Thursday, and Boeing lost 1.4 per cent.

Food maker Conagra rose 3.6 per cent after reporting a strong quarter, and Abbott Laboratories rose 4.3 per cent after winning regulatory approval for a blood glucose monitoring system.

The Standard & Poor's 500 index fell 2 points, or 0.1 per cent, to 2,504.

The Dow Jones industrial average lost 30 points, or 0.1 per cent, to 22,306. The Nasdaq composite fell 22 points, or 0.4 per cent, to 6,430.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.33 per cent.