Tech stocks, small caps boost mar­ket

Boston Herald - - OPINION -

Large tech­nol­ogy and health care com­pa­nies and smaller U.S. firms rose again yes­ter­day as stocks fin­ished the third quar­ter at record highs.

Stocks were mixed at the start of trad­ing, but chip­mak­ers and big-name tech firms pulled stocks higher. Health care com­pa­nies also did bet­ter than the rest of the mar­ket, which ended the quar­ter on a four-day win­ning streak that be­gan af­ter Fed­eral Re­serve Chair Janet Yellen said the cen­tral bank plans to con­tinue rais­ing in­ter­est rates.

The Stan­dard & Poor's 500 in­dex rose 9.30 points (0.4 per­cent), to close at 2,519.36. The Dow Jones in­dus­trial av­er­age turned higher to fin­ish with a gain of 23.89 points (0.1 per­cent), at 22,405.09. The Nas­daq com­pos­ite jumped 42.51 points (0.7 per­cent), to 6,495.96. The S&P 500 and Nas­daq both closed at all-time highs. The Rus­sell 2000 in­dex of small­com­pany stocks added 2.08 points (0.1 per­cent), to 1,490.86. It's also at record highs af­ter climb­ing 6 per­cent in Septem­ber.

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