Wall Street slips as healthcare slumps again
- U.S. stocks eked out gains in volatile trading on Thursday, ahead of a long Easter weekend, as strong results from industrials countered another drop in healthcare stocks, with investors shrugging off release of the Mueller report.
Stocks have rallied from a slump late-last year, putting the benchmark S&P 500 index about 1% away from its closing record high hit in September. Mueller did not make a conclusion on whether Trump had committed obstruction of justice, but did not exonerate him either. Union Pacific Corp jumped 4.6%, while Honeywell International Inc’s shares rose 3.4% after better-than-expected quarterly profits.
Of the 77 S&P 500 companies that have reported so far, about 78% have beaten earnings estimates, according to Refinitiv data.
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