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Wall Street weighed down by health, consumer shares

US stocks were mostly lower on Friday


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), ...

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