Dow Has Strongest Week Since March

Market climbs another 91 points Friday
By Newser Editors and Wire Services
Posted May 11, 2018 3:25 PM CDT
Dow Has Strongest Week Since March
Traders Gregory Rowe, left, and Robert Charlop talk on the floor of the New York Stock Exchange, Friday, May 11, 2018.   (AP Photo/Richard Drew)

Health care companies led US indexes modestly higher on Wall Street Friday, closing out the market's biggest weekly gain since March. The Dow Jones industrial average gained 91 points to 24,831, per the AP. The Nasdaq composite edged down 2 points to 7,402, and the S&P 500 index rose 4 points to 2,727. Drug makers and other health companies ended broadly higher Friday after President Trump announced plans to rein in drug prices that didn't seem to pose immediate threats to health care company profits. CVS Health rose 3.2% and Merck climbed 2.8%. Those gains outweighed losses in technology companies. Chipmaker Nvidia fell 2.2%.

(More stock market stories.)

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