Biotech helps Dow leap more than 120 points – New York Report

first_img Express KCS Wednesday 7 October 2015 8:53 pm whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It WiseDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition Arebound in biotechnology companies yesterday pushed the S&P 500 to its highest level in three weeks as US stocks ended higher after a volatile session.The Dow Jones industrial average rose 121.96 points, or 0.73 per cent, to 16,912.15, the S&P 500 gained 15.9 points, or 0.8 per cent, to 1,995.82 and the Nasdaq Composite added 42.79 points, or 0.9 per cent, to 4,791.15.The Nasdaq Biotech Index rose two per cent after falling 3.8 per cent in the previous session.The rises on the Dow was driven in part by drug maker Merck & Co, which added 2.3 per cent. Regeneron Pharmaceuticals and Amgen were both up more than four per cent. Express Scripts said it reached deals to cover two costly new cholesterol drugs produced by the two companies. “On days where investors are looking for fallen angels, healthcare helps fill that equation today,” said Art Hogan, chief market strategist at Wunderlich Securities in New York. “What was a drag over past few days is now the leader.”Twitter jumped eight per cent after Saudi Arabian billionaire Prince Alwaleed bin Talal and his investment firm raised their stake to more than five per cent.Gains in US indexes, suggest that the worst might be over for commodity prices hit by concerns about China’s economy, said Warren West, principal at Greentree Brokerage Services in Philadelphia. “We’re not so worried about commodities, we think they’re finding a bottom here,” West said.YUM Brands plunged 18.8 per cent after reporting earnings that missed expectations. The fast food company also disappointed in its key China division with much weaker-than-expected growth in same-store sales. whatsapp Show Comments ▼ Biotech helps Dow leap more than 120 points – New York Report Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wraplast_img read more