Markets Right Now: Dow crosses 27,000 as gains continue

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Markets Right Now: Dow crosses 27,000 as gains continue
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Technology companies and banks push stocks higher on Wall Street. The Dow Jones Industrial Average moved above 27,000 for the first time, a day after the S&P 500 made its first move above 3,000.

Technology companies and banks pushed stocks higher on Wall Street, extending the market’s gains from the day before.

The Dow Jones Industrial Average moved above the 27,000 point mark for the first time Thursday, a day after the S&P 500 made its first move above 3,000.Health insurers and pharmacies rose after the White House withdrew a plan that would have let patients receive the rebates that drugmakers now pay to insurance companies and distributors. Cigna jumped 11.7%.The Dow rose 203 points, or 0.8%, to 27,062. The Nasdaq added 21 points, or 0.3%, to 8,223.

The Dow Jones Industrial Average gained 64 points, or 0.2%, to 26,917. The Nasdaq added 11 points, or 0.1%, to 8,214.

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