Health care stocks lead an early advance on Wall Street

(AP)—Health care stocks were leading early gains in U.S. trading, while the energy sector also rose as the price of oil recovered from a stumble.

Drug maker Hospira led the advance in , jumping 35 percent in early trading Thursday after the company agreed to be acquired by giant pharmaceutical company Pfizer.

The Dow Jones industrial average rose 91 points, or 0.5 percent, to 17,765 as of 9:35 a.m. Eastern time Thursday.

The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,051. The Nasdaq composite gained 12 points, or 0.3 percent, to 4,729.

U.S. crude oil rose 2 percent to $49.62 a barrel. Oil had plunged 8 percent the day before.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.80 percent.

© 2015 The Associated Press. All rights reserved.

Citation: Health care stocks lead an early advance on Wall Street (2015, February 5) retrieved 29 March 2023 from
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

Tech Shares Rise, Offset Worries About Housing


Feedback to editors