Stocks were little changed on Thursday as Apple surged, but gains were capped after the Federal Reserve's latest policy announcement sparked worries about the U.S. economy.
Biogen tanked more than 26 percent after discontinuing trials for a drug aimed at treating Alzheimer's Disease. The move sent the Health Care Select Sector SPDR ETF down 0.8 percent. Treasury yields fell sharply on Wednesday, with the benchmark 10-year rate hitting its lowest level in a year. The yield traded at 2.52 percent on Thursday while the short-term 2-year rate held at 2.4 percent. Yields move inversely to prices.
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Stocks rose at the close as Apple and Micron surged to lead the tech sector higher.
Will realDonaldTrump still attempt to brag how well the market is doing? Don’t believe what we hear & see? Hmmm
Biogen tanked more than 26% after discontinuing trials for a drug aimed at treating Alzheimer’s Disease. The move sent the Health Care Select Sector SPDR ETF (XLV) down more than 1%.
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