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Thursday, September 18, 2014
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Published: Tuesday, 4/8/2014

Stocks rise, breaking a three-day losing streak

Gilead slumps on pressure over new drug

ASSOCIATED PRESS

NEW YORK — Stocks are moving higher as the market stabilizes after a three-day slump.

Investors will start to focus on company earnings this week. Aluminum maker Alcoa reports earnings after the close of trading today.

The Standard & Poor’s 500 index rose four points, or 0.2 percent, to 1,849 at noon. Technology stocks, which have taken a beating over the past week, rose the most.

The Dow Jones industrial average rose 20 points, or 0.1 percent, to 16,266.

The Nasdaq composite rose 23 points, or 0.6 percent, to 4,103.

Gilead fell 3 percent following reports that Express Scripts, the largest U.S. pharmacy benefits manager, plans to ask its clients to join a coalition that would stop using Gilead’s Sovaldi Hepatitis C treatment once a rival medicine is approved next year.



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