U.S. stocks closed moderately higher on Monday, but a selloff in health-care stocks capped gains in the main indexes. Biotech stocks got hit after presidential candidate Hillary Clinton said she would lay out a plan to prevent price gouging by drugmakers. The S&P 500 closed 8.94 points, or 0.5%, higher at 1,966.97. The Dow Jones Industrial Average added 125.61 points, or 0.8%, to 16,510.19. The Nasdaq Composite ended the day 1.73 points higher, or less than 0.1%, at 4,828.95.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News