Dow, S&P hit highs; Trump comment hammers drug stocks

The S&P 500 and the Dow hit record intraday highs on Wednesday, helped by gains in technology stocks, but President-elect Donald Trump's comment on drug pricing slammed the healthcare sector. Trump, in an interview with the Time magazine, said he would bring down drug prices. The S&P 500 healthcare index swiftly lost 1.56 percent, while the Nasdaq Biotechnology index dropped 3.8 percent - set for its worst day in nearly two months.