S&P 500 retreats from record high

Posted: March 22, 2014 at 3:51 a.m.

Specialist Joseph Dreyer works at his post on the floor of the New York Stock Exchange, Friday, March 21, 2014. Signs that the U.S. economy is emerging from a winter chill drove major stock indexes higher Thursday. Investors were encouraged by an increase in manufacturing and a rise in a key index of economic indicators. (AP Photo/Richard Drew)

NEW YORK — An early surge on the stock market evaporated Friday, as healthcare stocks tugged major indexes down. Biotech companies were especially hard-hit after lawmakers questioned the pricing of a hepatitis-C drug made by Gilead Sciences.

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Business, Pages 28 on 03/22/2014