Wall Street falls as health stocks drag

Wall Street falls as health stocks drag
 

Wall Street was lower on Thursday as healthcare stocks slipped, while strong economic data raised the prospects of tighter monetary policy.
A report showed the number of Americans filing for unemployment benefits fell last week to a near 43-year low. The data comes ahead of a crucial monthly jobs report that will influence the Federal Reserve's decision on interest rates.
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.
"Good economic news will be bad news for the... read more

 
6 October 2016 in World News, Views: 37
Source: Reuters
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