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published on January 26, 2018 - 1:52 PM
Written by Associated Press

Stocks are surging further into record territory on Wall Street, driven by more gains in technology and health care companies.

Chipmaker Intel jumped 10.6 percent Friday after turning in strong quarterly results. AbbVie, a drugmaker, soared 13.8 percent after releasing a strong report of its own.

Health care stocks had their biggest daily gain since the day after the presidential election.

Wynn Resorts plunged after The Wall Street Journal reported allegations of sexual assault and harassment by CEO Steve Wynn.

The Standard & Poor’s 500 index rose 33 points, or 1.2 percent, to 2,872.

The Dow Jones industrial average added 222 points, or 0.8 percent, to 26,616. The Nasdaq gained 94 points, or 1.3 percent, to 7,505.

Bond prices fell. The yield on the 10-year Treasury rose to 2.66 percent.


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