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Healthcare stocks lead S&P higher after Trump speech

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Reuters NEW YORK

NEW YORK (Reuters) - The S&P 500 inched higher on Friday, helped along by healthcare stocks after U.S. President Donald Trump gave a speech blasting high drug prices but avoided taking aggressive measures to cut them.

The Dow Jones Industrial Average <.DJI> rose 90.58 points, or 0.37 percent, to 24,830.11, the S&P 500 <.SPX> gained 4.62 points, or 0.17 percent, to 2,727.69 and the Nasdaq Composite <.IXIC> dropped 2.09 points, or 0.03 percent, to 7,402.88.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: May 12 2018 | 1:33 AM IST

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