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VOL. 43 | NO. 46 | Friday, November 15, 2019
Trade hopes send stocks to records
NEW YORK (AP) — Stocks are closing at all-time highs after U.S. officials said they’re making progress in the latest push for a trade agreement with China.
Technology stocks were the biggest winners Friday. Applied Materials jumped 9% after reporting strong results.
Health insurers rose after the Trump administration announced a rule forcing hospitals to make public the rates they negotiate with insurers for their services.
UnitedHealth Group rose 5.3%.
Restoration Hardware and Occidental Petroleum rose after Warren Buffett's Berkshire Hathaway disclosed that it had picked up shares in both companies.
The S&P 500 rose 23 points, or 0.8%, to 3,120.
The Dow Jones Industrial Average added 222 points, or 0.8%, to 28,004. The Nasdaq rose 61 points, or 0.7%, to 8,540.
Bond prices fell. The yield on the 10-year Treasury rose to 1.83%.