Hhealth care stocks

US stocks pare gains as health care sector slumps


A late slump in health care stocks offset gains in financial stocks Friday.

Banks and other financial companies got a boost after Federal Reserve Chair Janet Yellen said that the central bank was still likely to raise interest rates this year.

Nike jumped 9 percent after posting strong earnings.

The Dow Jones industrial average climbed 113 points, or 0.7 percent, to 16,314.