Stocks plummet over 300 points after big health care news
Published on January 30, 2018 at 06:13PM by Sarah Ponczek, Bloomberg
(Bloomberg) -- U.S. stocks are on pace for the biggest two-day decline since August, while yields on benchmark government bonds are near April 2014 highs, as caution creeps into markets after one of the best starts to a year in recent history. The S&P 500 Index fell the most in seven weeks and the Dow Jones Industrial Average slumped more than 200 points. Health-care shares led losses after Amazon.com, JPMorgan Chase and Berkshire Hathaway announced plans for a joint unit that may disrupt the industry. Energy producers slumped with the price of crude. European equities headed for the worst day since November after Asian shares dropped. Selling spread to other assets, with the 10-year Treasury yield pushing above 2.
Published on January 30, 2018 at 06:13PM by Sarah Ponczek, Bloomberg
(Bloomberg) -- U.S. stocks are on pace for the biggest two-day decline since August, while yields on benchmark government bonds are near April 2014 highs, as caution creeps into markets after one of the best starts to a year in recent history. The S&P 500 Index fell the most in seven weeks and the Dow Jones Industrial Average slumped more than 200 points. Health-care shares led losses after Amazon.com, JPMorgan Chase and Berkshire Hathaway announced plans for a joint unit that may disrupt the industry. Energy producers slumped with the price of crude. European equities headed for the worst day since November after Asian shares dropped. Selling spread to other assets, with the 10-year Treasury yield pushing above 2.
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