Stocks Near Records Led by Tech Health Energy Sectors
The stock market reached new highs as technology health care and energy shares led gains. The S P 500 rose 0.5 percent to 2473.83, Dow edged up 66 points, Nasdaq up 0.6 percent, and Russell 2000 gained 1 percent. Vertex jumped over 20 percent after strong cystic fibrosis drug study results.
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New York
Uss
Standard & Poor
U.S
Scripps Networks
Discovery Communications
Wall Street Journal
Jon Adams
Bmoq Global Asset Management
IBM
Dow Jones
Apple
Facebook
Cisco Systems
Vertex Pharmaceuticals
Vertex
Cigna
AmrenBalAm
HBC
CptWidGrincAm
CotlincBidrAm
American Funds
Inccamrca m
Jamerican Funds
NwPrspetra. m
Wamtinvsa m
Dodge & Cox Inc
Dodge & Cox IntiStk
Dodge & Cox
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Fidelity Soaindex Prn
Haba NL
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Franklin Templeton Inc. m
Metropolitan West
Pimco Incinst
Pimco TtlRetins
T. Rowe
Vanguard Trothtr
Vanguard
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Vanguard WislylhcAdmr
Vanguard WndsrlAdmr
Dallas
Amazon expands reach as antitrust concerns rise over Whole Foods deal
Anick Jesdan reports Amazon’s 13.7 billion Whole Foods acquisition deepens its customer lock in and sparks debate on antitrust scrutiny. Experts say the deal mirrors a volume strategy rather than a monopoly, with Walmart as the primary competitor.
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Erica McGivern
Seattle
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Lauren Beitelspacher
Babson College
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Retirement benefits shrink as 401ks rise and pensions fade
A Willis Towers Watson report shows employer retirement contributions fell from 9.1 to 6.8 percent of worker pay between 2001 and 2015 driven largely by the move from defined benefit pensions to defined contribution plans. Traditional pensions plummeted 76 percent while retiree health care benefits dropped to 0.2 percent. Health care costs for current workers surged to 11.5 percent, leaving most workers to fund their own retirement with 401(k)s and higher out of pocket costs.
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Willis Towers Watson
Wall Street Journal
Microsoft
The
Journal
U.S
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