AP Radio AP Radio News:

Mar 24, 4:17 PM EDT

Markets Right Now: Stocks recover after health bill pulled


Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

The latest on developments in financial markets (All times local):

4:00 p.m.

Stocks erased much of an afternoon loss and ended mixed after the Republican-backed health care reform bill was pulled because of a lack of support in Congress.

The market still closed out its worst week since the election Friday.

Several health care companies rose as the bill's prospects worsened throughout the day. Hospital operator Community Health Systems soared 9.7 percent.

The Standard & Poor's 500 slipped 2 points, or 0.1 percent, to 2,343.

The Dow Jones industrial average lost 59 points, or 0.3 percent, to 20,596. The Nasdaq gained 11 points, or 0.2 percent, to 5,828.

More stocks fell than rose on the New York Stock Exchange.

---

11:45 a.m.

U.S. stocks are higher in midday trading as technology companies and banks climb.

Chipmaker Micron Technology surged 9.3 percent Friday after reporting results that were much better than analysts were expecting. Wells Fargo gained 1.1 percent.

Investors were keeping a close eye on Washington, where a vote was expected later in the day on the Republican-backed health care reform bill.

Stocks are on track for their biggest weekly loss of 2017.

The Standard & Poor's 500 index rose 7 points, or 0.3 percent, to 2,353.

The Dow Jones industrial average gained 25 points, or 0.1 percent, to 20,681. The Nasdaq composite gained 36 points, or 0.6 percent, to 5,853.

Bond prices edged higher. The yield on the 10-year Treasury note fell to 2.41 percent.

---

9:35 a.m.

Stocks are opening slightly higher on Wall Street, led by gains in technology companies and banks.

Chipmaker Micron Technology surged 11 percent in early trading Friday after reporting results that were much better than analysts were expecting.

Investors were keeping a close eye on Washington, where a vote was expected later in the day on the Republican-backed health care reform bill.

The Standard & Poor's 500 index rose 5 points, or 0.2 percent, to 2,351.

The Dow Jones industrial average gained 38 points, or 0.2 percent, to 20,695. The Nasdaq composite gained 26 points, or 0.5 percent, to 5,843.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.



Latest News