Drugmakers soar after Trump victory; hospital operators sink

NEW YORK (AP) " Stocks that moved substantially or traded heavily on Wednesday:

Pfizer Inc., up $2.12 to $32.12

Drugmakers were among the stock market's biggest winners following the defeat of Hillary Clinton, who had called for more controls on drug pricing.

HCA Holdings Inc., down $8.72 to $72.16

Hospital operators fell following the election of Donald Trump, who has called for the repeal of the Affordable Care Act.

Raytheon Co., up $10.20 to $146.71

Defense contractors rose following Trump's victory.

Corrections Corp. of America, up $6.12 to $20.31

The private prison operator could see more business if Trump tightens enforcement of immigration rules. Clinton had been negative on the sector.

Coty Inc., down $2.24 to $19.65

The maker of skin care and beauty products reported sharply lower earnings, which fell short of analysts' forecasts.

SunPower Corp., down $1.04 to $6.30

Clean-energy stocks fell following Trump's victory.

AK Steel Corp., up 84 cents to $6.91

U.S. steel makers rose as the likelihood of protectionist trade policies appeared to increase with Trump's victory.

Caterpillar Inc., up $6.52 to $91.20

The prospect of greater spending on infrastructure under Trump sent makers of machinery higher.

This story has been automatically published from the Associated Press wire which uses US spellings

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf05 at 09 Dec 2016 15:41:04 Processing Time: 413ms