US stocks lose early gains as healthcare sector slumps

US stocks lose early gains as healthcare sector slumps

Early gains for US stocks were mostly gone by the end of the day, leaving indexes mixed at the closing bell.

A late slump in healthcare stocks offset gains in financial stocks.

Banks and other financial companies got a boost after Federal Reserve chairwoman Janet Yellen said that the central bank was still likely to raise interest rates this year.

Nike jumped 9% after posting strong earnings.

The Dow Jones industrial average climbed 113 points, or 0.7%, to 16,314.

The Standard & Poor’s 500 index slipped a point to 1,931. The Nasdaq composite slumped 48 points, or 1%, to 4,686.

Bond prices fell while the yield on the 10-year Treasury note rose to 2.16%.

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