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  1. Home
  2. / Investing
  3. / Healthcare

Market Wrap: Tech, Health Care Lead Gains

Oil rebounds; Con-way is day's big winner.
By DAVID PELTIER Sep 10, 2015 | 04:41 PM EDT
Stocks quotes in this article: CNW, XPO, LULU, ZUMZ, FNSR, KR, NTAP

U.S. stocks rebounded from a lower open Thursday and finished 0.45% to 0.85% higher across the board. Technology and health care names led the way higher on the session, while utility stocks lagged.

The yield on the benchmark 10-year U.S. Treasury note fell 0.5%. The CBOE S&P 500 Volatility index also fell 7%. On the other hand, crude oil prices rebounded more than 3% on Thursday.

Con-way (CNW) was the big winner of the session, gaining more than 33% after receiving a $3 billion cash takeover offer from XPO Logistics (XPO), which fell 11% on the session. Lululemon (LULU) is down 16% on a lower earnings forecast.

In after-hours action, Zumiez (ZUMZ) is down more than 17% after posting quarterly results. Finisar (FNSR) is also down 7% after reporting the resignation of Chief Executive Jerry Rawls.

Looking ahead to Friday morning, Kroger (KR) headlines a quiet earnings calendar. On the economic front, we'll get a look at producer prices before the opening bell. NetApp (NTAP) will also host its annual investor meeting.

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TAGS: Investing | U.S. Equity | Healthcare | Stocks

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