Wall Street ends mixed

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Thu, Sep 19, 2019, 4:26 PM

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Stocks on Wall Street gave up a rally to end flat near the session's lows Thursday. A rally in telecom and healthcare shares offset a decline in energy and cyclicals stocks, The S&P 500 and Nasdaq finished just above the flatline.

Thomson Reuters Stocks Buzz analyst Terence Gabriel.

SOUNDBITE: THOMSON REUTERS STOCKS BUZZ ANALYST TERENCE GABRIEL (ENGLISH) SAYING:

"The push we're getting with healthcare today, materials helping to underpin this attempt to exceed the previous record highs."

Investors put in orders for Microsoft shares after the software giant said it plans to buy back $40 billion of its shares.

Ditto with Target. The retailer announced a $5 billion share buyback plan.

Healthcare stocks rose even though House Speaker Nancy Pelosi unveiled her plan to have the federal government negotiate lower prices for prescription drugs on behalf of Medicare beneficiaries and consumers.

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Wall Street ends mixed

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