Dow tips higher, but knocked around, after Trump proposes sweeping change to health-care policy

The Dow Jones Industrial Average briefly turned negative Friday afternoon, as President Donald Trump announced a series of changes intended to overhaul health-care policy in the U.S. At last check, the Dow
DJIA, +0.20%
was up 51 points at 24,790, after turning lower soon after the president began to explain his health-care proposal. The S&P 500 index
SPX, +0.03%
meanwhile, was trading up a slight 0.1% at 2,724, while the Nasdaq Composite Index
COMP, -0.23%
was off 0.2% at 7,389, at last check. All three appeared to shave their initial knee-jerk move lower. Trump said that he would push to bring down drug prices by increasing competition among drug manufacturers. Drug-related companies, maintained healthy gains with the exchange-traded iShares Nasdaq Biotechnology ETF, a popular way to bet on the biotech industry, gaining 1.6%, gathering momentum Trump’s comments on the health care and pharmaceutical industry. Meanwhile, Dow components Johnson & Johnson
JNJ, +0.94%
Pfizer Inc.
PFE, +1.21%
UnitedHealth Group Inc.
UNH, +1.31%
and Merck & Co. Inc.
MRK, +1.94%
were all trading firmly in positive territory.

Quote References DJIA +50.66 +0.20% SPX +0.91 +0.03% COMP -17.37 -0.23% JNJ +1.18 +0.94% PFE +0.43 +1.21% UNH +3.05 +1.31% MRK +1.13 +1.94% Show all references
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