Stock indexes were mixed Friday afternoon but they bounced from afternoon lows as President Trump unveiled a plan to cut drug costs. X The Nasdaq composite was down 0.2% while the S&P 500 was up a fraction and the Dow Jones industrial average gained 0.2%. Small caps were flat also. But the Dow transports surged 1%, apparently getting some help from a drop in oil prices. Volume was tracking lower compared with the same time Thursday. Advancers had a small advantage over decliners on the Nasdaq and NYSE. (For updates on this story and other market coverage, visit Stock Market Today.) President Trump announced a program aimed at lowering drug prices, including measures to increase competition. IBD Newsletters Get exclusive IBD analysis and action news daily. SIGN UP NOW! IBD Newsletters Get exclusive IBD analysis and action news daily. Market Prep Tech Report Please enter a valid email address Please select a newsletter GO x Thank You! You will now receive IBD Newsletters ALL DONE! Something Went Wrong! Please contact customer service CLOSE Drug distributor stocks fell as Trump unveiled details, but soon rallied back. McKesson (MCK) erased a 1% loss and was up 1.6% in afternoon trading. AmerisourceBergen (ABC) and… Read full this story
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