Business Standard

Wall Street opens lower as Amazon buy hits drug stocks


(Reuters) - Amazon's move to entrench itself in the health sector sent drug stocks sliding on Thursday, but gains in financial and technology stocks, helped Wall Street keep its footing.
The Dow Jones Industrial Average fell 53.40 points, or 0.22 percent, at the open to 24,064.19. The S&P 500 opened lower by 0.94 points, or 0.03 percent, at 2,698.69. The Nasdaq Composite dropped 6.97 points, or 0.09 percent, to 7,438.11 at the opening bell.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

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First Published: Jun 28 2018 | 7:05 PM IST

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