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S&P, Dow lower as healthcare, bank stocks drag

The Dow and the Nasdaq still eked out record highs briefly after open

Reuters 

The benchmark S&P 500 opened lower for the first time in 2018 on Monday, as losses in healthcare and financial stocks cut short Wall Street's strongest start to a year in a decade. The S&P and the Nasdaq last week recorded its strongest first four trading days in a year since 2006, and the Dow industrials posted its best since 2003. "We had a strong market in the past week, and what generally happens in the first week sets the trend for the remainder of the year. Now that it's established, there could be some profit- taking," said Peter Cardillo, chief market ...

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First Published: Mon, January 08 2018. 22:35 IST
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