Wall Street drops as healthcare stocks weigh

Wall Street drops as healthcare stocks weigh
 

U.S. stocks reversed course to trade lower in a choppy market on Wednesday, dragged down by healthcare stocks and as oil prices pared gains.
Bristol-Myers and Amgen weighed the most on the S&P 500 healthcare sector, which fell 0.45 percent. The index had risen 0.7 percent on Tuesday.
Oil prices, which rallied as much as 3 percent earlier in the day, gave up much of those gain as data showed a large build in U.S. gasoline inventories. [O/R]
Adding to the downbeat market sentiment was the lowering of the 2016 U.S. growth forecast by the International Monetary Fund.
In a testimony before a... read more

 
28 September 2016 in World News, Views: 37
Source: Reuters
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