Stock Market News

S&P 500, Dow climb as health insurers, financials gain.

The DowJones Industrial Average rose 227.88 points, or 0.85 percent, to 27,088.08, the S&P 500 gained 6.84 points, or 0.23 percent, to 2,999.91 and the Nasdaq Composite dropped 6.49 points, or 0.08 percent, to 8,196.04.

The Dow and S&P 500 rose on Thursday to close at record highs as health insurers gained after the Trump administration scrapped a plan designed to rein in prescription drug prices, while financial shares climbed with bond yields.

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