Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid
July 11, 2019
NEW YORK (Reuters) – 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.
The Dow Jones Industrial Average <.DJI> rose 227.88 points, or 0.85%, to 27,088.08, the S&P 500 <.SPX> gained 6.84 points, or 0.23%, to 2,999.91 and the Nasdaq Composite <.IXIC> dropped 6.49 points, or 0.08%, to 8,196.04.
(Reporting by Caroline Valetkevitch; Editing by Susan Thomas)