Thursday, 12 January 2017

Wall Street ends choppy session higher

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US stocks ended higher after a choppy day on Wednesday as energy and technology gains countered a drop in healthcare stocks after President-elect Donald Trump said pharmaceutical companies were "getting away with murder" by charging high prices. The Nasdaq ended the day with another record closing high after falling as much as 0.5 percent after Trump's first formal news conference since the Nov. 8 election. 

The S&P 500 healthcare index ended the session down 1 percent after falling as much as 1.9 percent earlier in the day and the Nasdaq biotechnology index sank 2.96 percent, ending a six-day winning streak for both indexes.

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