Drug stocks pull Wall St. lower; jobs report in focus

Drug stocks pull Wall St. lower; jobs report in focus
 

Drug stocks dragged Wall Street lower on Thursday, while investors anxiously awaited a crucial jobs report that would help set the tone for interest rate hikes in the coming months.
A growing number of Fed officials have argued for higher rates as the labor market remains robust and inflation inches towards the central bank's 2 percent target.
The view was supported by a report that showed the number of Americans filing for unemployment benefits fell to a near 43-year low last week.
"At the moment, what is driving the U.S. market is a repricing around expectations of near-term Fed... read more

 
6 October 2016 in World News, Views: 34
Source: Reuters
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