News

Drugmakers soar after Trump victory; hospital operators sink

NEW YORK, N.Y. – 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

Defence 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.