Gains for drugmakers help US stocks reach new records
September 29, 2017
NEW YORK (AP) — U.S. stocks finished slightly higher Thursday, led by technology companies and drugmakers. After a big move the day before, that was enough to take stocks back to record highs.
After a slow start, stocks gradually moved upward in afternoon trading as companies in technology, basic materials, real estate and finance contributed modest gains. Drugmaker AbbVie jumped after it reached a deal with a competitor that would delay competition for its anti-inflammatory treatment Humira, the biggest-selling drug in the world. Industrial firms took small losses as big names like Boein...