Stocks plummet after news of major health care initiative
Published on January 30, 2018 at 07:58PM by By ALEX VEIGA, AP Business Writer
The U.S. stock market fell sharply Tuesday afternoon, on pace for its worst day since August and its first two-day losing streak in more than a month. Hefty losses in health care and technology stocks weighed on the market. Banks and industrial companies accounted for a big slice of the decline. Energy stocks also fell as crude oil prices declined. Bond prices fell, sending yields higher. KEEPING SCORE: The Standard & Poor's 500 index fell 28 points, or 1 percent, to 2,825 as of 1:44 p.m. Eastern Time. The Dow Jones industrial average slumped 364 points, or 1.4 percent, to 26,074. That's the Dow's biggest single-day drop since May. The Nasdaq lost 64 points, or 0.9 percent, to 7,401.
Published on January 30, 2018 at 07:58PM by By ALEX VEIGA, AP Business Writer
The U.S. stock market fell sharply Tuesday afternoon, on pace for its worst day since August and its first two-day losing streak in more than a month. Hefty losses in health care and technology stocks weighed on the market. Banks and industrial companies accounted for a big slice of the decline. Energy stocks also fell as crude oil prices declined. Bond prices fell, sending yields higher. KEEPING SCORE: The Standard & Poor's 500 index fell 28 points, or 1 percent, to 2,825 as of 1:44 p.m. Eastern Time. The Dow Jones industrial average slumped 364 points, or 1.4 percent, to 26,074. That's the Dow's biggest single-day drop since May. The Nasdaq lost 64 points, or 0.9 percent, to 7,401.
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