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Stocks turn higher on Wall Street; Pfizer gains

5:19 PM, Jan 28, 2014   |    comments
The FDA strengthened its warning about Pfizer's antibiotic Zithromax. (Photo: Mark Lennihan, AP)
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NEW YORK (AP) - Stocks are mostly higher on Wall Street as the stock market turns positive after three days of losses.

Health care stocks rose Tuesday after the big drugmaker Pfizer turned in earnings that were higher than investors were expecting.

The Dow Jones industrial average rose 90 points, or 0.6 percent, to close at 15,928. The Standard & Poor's 500 index rose 11 points, or 0.6 percent, to 1,792.

The Nasdaq composite edged down rose 14 points, or 0.4 percent, to 4,098.

Technology stocks were held back by a decline in Apple, which slumped 8 percent after forecasting revenue that was less than the market was expecting.

The Federal Reserve started two-day policy meeting Tuesday. Investors are waiting to see if the central bank makes further reductions to its big bond-buying program.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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