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Dow tips higher, but knocked around, after Trump proposes sweeping change to health-care policy

The Dow Jones Industrial Average briefly became unfavourable Friday afternoon, as President Donald Trump introduced a series of changes supposed to overtake health-care coverage in the U.S. At remaining take a look at, the Dow DJIA, +0.37% was up 51 issues at 24,790, after turning lower quickly after the president started to give an explanation for his health-care proposal. The S&P 500 index SPX, +0.17% meanwhile, was buying and selling up a slight 0.1% at 2,724, whilst the Nasdaq Composite Index COMP, -0.03% was off 0.2% at 7,389, finally take a look at. All three gave the impression to shave their preliminary knee-jerk move lower. Trump said that he would push to bring down drug prices by increasing festival amongst drug producers. Drug-related firms, maintained wholesome positive factors with the exchange-traded iShares Nasdaq Biotechnology ETF, a well-liked solution to guess on the biotech industry, gaining 1.6%, gathering momentum Trump's feedback on the health care and pharmaceutical industry. Meanwhile, Dow parts Johnson & Johnson JNJ, +1.51% Pfizer Inc. PFE, +1.31% UnitedHealth Group Inc. UNH, +1.96% and Merck & Co. Inc. MRK, +2.81% had been all buying and selling firmly in certain territory.