Friday 20 November 2015

Wall Street edges down; healthcare sinks and Intel climbs

Wall Street edges down; healthcare sinks and Intel climbs
Wall Street ended a little lower on Thursday as falling healthcare stocks offset gains in Intel and other technology names while investors eyed an expected rate hike in December. 
A profit warning by UnitedHealth led to a 5.65 percent drop in its stock, making the health insurer the biggest drag on the Dow Jones industrial average and the S&P 500. 
It also sent the shares of competitors Anthem and Aetna down more than 6 percent each. The S&P healthcare sector was the worst performer among the 10 major S&P sectors with a 1.63 percent decline. Adding to the pain in healthcare, drugmaker Pfizer fell 3.06 percent after reports that its talks to buy Allergan and redomicile in Ireland were in final stages. Allergan lost 2.81 percent.

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