Wall Street ends higher; Health stocks jumps

India Infoline News Service | Mumbai | December 01, 2016 08:40 IST

The S&P 500 posted 28 new 52-week highs and no new lows; the Nasdaq Composite recorded 177 new highs and 29 new lows.

Wall Street ended with big gains on Wednesday as an upbeat outlook from United Health lifted health insurers, though a sharp drop in oil prices weighed on energy shares and limited the advance. The S&P 500 finished the day flat as drops in utilities and technology offset energy's surge.

The Dow Jones Industrial Average added 33.22 points, or 0.17% to 19,154. The S&P500 index fell 2.62 points, or 0.12% to 2,202. The Nasdaq Composite lost 50.93 points, or 0.95% to 5,328. The recent strong GDP numbers and figures on consumer spending data and US private jobs are hinting at a rate hike by the US Fed in its December 13-14 policy review.

Oil prices dropped about 4% on signs that leading oil exporters were struggling to agree on a deal to cut production ahead of an OPEC meeting on Wednesday.

The S&P 500 posted 28 new 52-week highs and no new lows; the Nasdaq Composite recorded 177 new highs and 29 new lows. 

***Note: This is a NSE Chart

 

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