Wall Street pushed higher by healthcare, energy stocks

The collapse of the $160 billion merger of Pfizer and Allergan bolstered the healthcare sector on rising hopes that the pharmaceutical giants could turn to smaller targets. A seven-week rally – sparked by rising oil, strength in the economy and a cautious Fed – helped stocks recover from a steep selloff that had sent the S&P 500 down more than 10 percent earlier this year.

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Wall Street pushed higher by healthcare, energy stocks

Wall Street pushed higher by healthcare, energy stocks

The collapse of the $160 billion merger of Pfizer and Allergan bolstered the healthcare sector on rising hopes that the pharmaceutical giants could turn to smaller targets. A seven-week rally – sparked by rising oil, strength in the economy and a cautious Fed – helped stocks recover from a steep selloff that had sent the S&P 500 down more than 10 percent earlier this year.

View original here:
Wall Street pushed higher by healthcare, energy stocks