Wall Street edge higher

Dhaka,  Monday,   2016-09-21
Published : 21 Sep 2016, 10:45:48

Wall Street edge higher

Wall Street edge higher
Wall Street edged higher on Tuesday, helped by gains in healthcare shares, as investors awaited the outcome on Wednesday from monetary policy meetings in the United States and Japan.

The Dow Jones industrial average rose 47.32 points, or 0.26 per cent, to 18,167.49, the S&P 500 gained 5.31 points, or 0.25 per cent, to 2,144.43 and the Nasdaq Composite added 13.97 points, or 0.27 per cent, to 5,249.00.

The healthcare sector was the best performing major S&P sector, rising 0.6 per cent.

Shares of Gilead Sciences, which is also developing drugs for NASH, rose 3.5 per cent and were among the biggest boosts to the S&P and the Nasdaq.

Wells Fargo shares rose 1.9 per cent after the bank's chief executive weathered criticism as he testified before a US Senate panel.

The S&P energy sector was the worst performing group, falling 0.2 per cent. Exxon fell 0.7 per cent. A Wall Street Journal report said the US Securities and Exchange Commission is investigating how the oil major valued its assets in the wake of the plunge in oil prices.

Advancing issues outnumbered declining ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.12-to-1 ratio favored advancers.

The S&P 500 posted 3 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 70 new highs and 30 new lows, according to Reuters.

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