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Daily Market Recap - 3:30 pm CST

December 08, 2017

Summary

U.S. stocks were mixed today as investors continue to process the potential impact of tax reform and political developments out of Washington, D.C. In corporate news, shares of kidney-care company DaVita rallied after UnitedHealth Group agreed to purchase the company's primary and urgent care services for $4.9 billion. In economic news, increases in both private payrolls and productivity pointed to continued economic expansion, although wage growth rose more moderately. U.S. Treasuries were higher today.

Overall market indexes

The Dow Jones Industrial Average* was up 118 points or 0.5% to 24,329

The Standard & Poor's 500 Index was up 15 points or 0.6% to 2,652

The NASDAQ Composite Index was up 27 points or 0.4% to 6,840

Bond markets

The 30-year Treasury closed higher at 2.77%. And the 10-year Treasury yield finished higher at 2.38%.

Commodity markets

The spot price of gold rose $0.84 to $1,248.12
And the price of crude oil rose $0.67 to $57.36

See our Weekly Market Update.

Important Information:

The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2017 is proprietary to Dow Jones & Company, Inc.

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