You are here: Home » Markets » News
Business Standard

Wall Street weighed down by health, consumer shares

US stocks were mostly lower on Friday

Reuters 

US stocks were mostly lower on Friday, dragged lower by healthcare and consumer staples shares. Health stocks had rallied on Thursday after Senate Republicans unveiled legislation that would replace Obamacare. However, the bill faced skepticism from the Democrats, who attacked the legislation as a callous giveaway to the rich that would leave millions without coverage. UnitedHealth was down about 1 percent and was the biggest drag on the Dow. Other major health stocks, including Regeneron and Amgen, were down between 1 percent and 3 percent. At 9:48 a.m. ET (1348 GMT), ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, June 23 2017. 21:25 IST
RECOMMENDED FOR YOU