US stocks close slightly higher, Nasdaq hits new record

iStock/Thinkstock(NEW YORK) — The Nasdaq Composite reached a new record on Friday as U.S. stocks closed slightly higher.

The Dow Jones Industrial Average climbed 30.71 (+0.13 percent) to finish at 22,871.72.

The Nasdaq gained 14.29 (+0.22 percent) to close at 6,605.80, while the S&P 500 finished at 2,553.17, up 2.24 (+0.09 percent) from its open.

Crude oil was about 1.46 percent higher with prices at $51 per barrel.

Winners and Losers:  After President Donald Trump announced the government would end subsidies to insurers under the Affordable Care Act, health care stocks took a hit including Tenet Healthcare (down 5.10 percent).

Hostess Brands Inc sunk 11.09 percent on news that the Twinkee-maker’s chief executive officer would retire.

Sears Holdings Corp. soared 9.19 percent on Friday. Sears Canada was granted court approval to liquidate its remaining stores, leaving 12,000 jobless.

Copyright © 2017, ABC Radio. All rights reserved.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print