Stocks turn higher on Wall Street; Pfizer gains
1/28/2014NEW YORK — Stocks were mostly higher on Wall Street today as the stock market turned positive after three days of losses.
Health care stocks rose today after the big drugmaker Pfizer turned in earnings that were higher than investors were expecting.
The Dow Jones industrial average rose 90 points, or 0.6 percent, to close at 15,928. The Standard & Poor’s 500 index rose 11 points, or 0.6 percent, to 1,792.
The Nasdaq composite edged down rose 14 points, or 0.4 percent, to 4,098.
Technology stocks were held back by a decline in Apple, which slumped 8 percent after forecasting revenue that was less than the market was expecting.
The Federal Reserve started a two-day policy meeting today. Investors are waiting to see if the central bank makes further reductions to its big bond-buying program.