Business Report: Late buying wave sends US stocks higher

November 16, 2018 - 4:22 pm

Jim Chesko Reporting

Wall Street ended another volatile week on a positive note. 
 
The Dow Industrials gained 123 points. The S&P 500 added 6…but the tech-heavy Nasdaq Composite fell 11.

For the week, those indexes all declined at least 1.6%.

Oil prices finished flat -- December crude unchanged at $56.46 a barrel, but down 6.2% for the week. That’s six straight weekly declines for the front-month crude contract.   

Some higher prescription-drug prices are in the works at Pfizer. The company announced it will raise the list prices of 41 of its prescription drugs by an average 5 percent in mid-January.     

Loads of fake Saints jerseys were among about 6,000 counterfeit items seized by Homeland Security in the New Orleans area. Nola.com says the haul, which followed a month-long investigation of stores and flea markets, also included pirated dvds and music, counterfeit purses and phony Viagra.  

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