Markets Right Now: Health care, retail lead stocks higher

AP News
Posted: Jan 24, 2018 9:40 AM

NEW YORK (AP) — The latest on developments in financial markets (All times local):

9:35 a.m.

Health care and consumer-focused companies are rising in early trading as stocks look to extend their winning streak to a fourth day.

Medical device, drug and infant formula maker Abbott Laboratories climbed 3.6 percent Wednesday after reporting a strong fourth quarter.

United Continental plunged 8.6 percent after saying it will ramp up flights at a faster pace over the next three years.

The dollar weakened further after Treasury Secretary Steven Mnuchin said the declining dollar is good because it helps U.S. exporters. Gold climbed 1.2 percent.

The Standard & Poor's 500 index gained 7 points, or 0.3 percent, to 2,846.

The Dow Jones industrial average added 97 points, or 0.4 percent, to 26,307. The Nasdaq composite picked up 13 points, or 0.2 percent, to 7,473.