U.S. stocks
fluctuated, after the biggest drop in three weeks, as health-care shares
rallied on a U.S. Supreme Court decision while investors watched for a
breakthrough in Greek debt talks.
HCA Holdings Inc.,
Tenet Healthcare Corp. and Universal Health Services Inc. jumped at
least 7.5 percent after the Supreme Court upheld the nationwide tax
subsidies that are a core component of President Barack Obama’s
health-care law. Eli Lilly & Co. rose 4.2 percent after a favorable
patent ruling. Netflix Inc. lost 2.7 percent, and energy shares slipped
with oil.
The Standard &
Poor’s 500 Index added 0.1 percent to 2,111.54 at 12:16 p.m. in New
York. The gauge fell 0.7 percent Wednesday. The Dow Jones Industrial
Average rose 14.61 points, or 0.1 percent, to 17,980.68. The Nasdaq
Composite Index climbed 0.2 percent.
The S&P 500 is
headed for a ninth week without a move of more than 1 percent, the
longest streak since August 1993, as investors await a resolution to the
Greek crisis while assessing data for clues on the timing of any
Federal Reserve interest-rate increase.
Source: Bloomberg
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