Gains for Tech Help US Stocks Higher, but Insurers Skid
- 7 years ago
Gains for Tech Help US Stocks Higher, but Insurers Skid
Health insurers and hospital operators skidded after President Donald Trump said he
will stop government payments to insurance companies under the Affordable Care Act.
The White House said late Thursday that it is stopping subsidy payments to insurers under the 2010 health care law.
Citi Investment Research analyst Praful Mehta said the company lost $2.2 billion in value Thursday alone,
and even if PG&E were found responsible and grossly negligent for the fires, he says it probably wouldn’t be fined much more than that.
U. S. Steel climbed $1.80, or 7 percent, to $27.36 and AK Steel added 31 cents, or 5.6 percent, to $5.80.
NEW YORK — U. S. stocks finished mostly higher Friday to wrap up a subdued week, and technology companies did most of the heavy lifting.
The Commerce Department said retail sales grew 1.6 percent in September after a small decline in August.
Health insurers and hospital operators skidded after President Donald Trump said he
will stop government payments to insurance companies under the Affordable Care Act.
The White House said late Thursday that it is stopping subsidy payments to insurers under the 2010 health care law.
Citi Investment Research analyst Praful Mehta said the company lost $2.2 billion in value Thursday alone,
and even if PG&E were found responsible and grossly negligent for the fires, he says it probably wouldn’t be fined much more than that.
U. S. Steel climbed $1.80, or 7 percent, to $27.36 and AK Steel added 31 cents, or 5.6 percent, to $5.80.
NEW YORK — U. S. stocks finished mostly higher Friday to wrap up a subdued week, and technology companies did most of the heavy lifting.
The Commerce Department said retail sales grew 1.6 percent in September after a small decline in August.