Dow tumbles 362 points as health care stocks drag on Wall Street

31 January, 2018, 05:02 | Author: Elaine Woods
  • Stocks fall sharply as sell-off continues

Dow component United Health Group dropped 5.6%, while Express Scripts dropped more than 9% to lead S&P 500 decliners. Such an inverted curve has occurred four times in the past year and all coincided with market bottoms.

The Dow Jones Industrial Average had plunged more than 300 points by mid-afternoon with no sign of a rebound before the closing bell.

The energy index fell 1.54 percent as USA crude prices tumbled 2 percent on ongoing evidence of rising US crude output.

Jury convicts man in shooting death of ex-NFL player Joe McKnight
The confrontation ended at an intersection, where McKnight exited his vehicle , approached Gasser's passenger window and was shot. Gasser's defense team claimed McKnight aggressively pursued Gasser, but witness testimony disputed such a claim.

Range Rover SV Coupe for Geneva
Range Rover has announced it will return to its roots with a stylish two-door limited-edition model dubbed the SV Coupe . The new model is actually a commemorative piece harking back to traditional Range Rovers which featured two doors.

Dolores O'Riordan will be laid to rest today
London's Metropolitan Police told ET last week that the singer's death is not being treated as suspicious . Her spiritual journey continued in many parts of our world, and yet Dolores remained anchored in Limerick.

The 364-point dive, or 1.4%, to 26,074, was the Dow's biggest single-day loss since May.

At 2:50 p.m. ET, the Dow Jones Industrial Average fell 366.73 points, or 1.39 percent, to 26,072.75, the S&P 500 lost 29.99 points, or 1.05 percent, to 2,823.54 and the Nasdaq Composite dropped 69.35 points, or 0.93 percent, to 7,397.16. The CBOE Volatility Index was up at 15.34, up about 11%, marking its highest level since August 18, 2017, according to FactSet data. Trump is expected to focus on trade and the economy, among other themes. Harley-Davidson dropped 7.7 percent after the motorcycle maker forecast a drop in shipments this year. The stock is down 8.8 percent.

Declining issues outnumbered advancing ones on the NYSE by a 4.50-to-1 ratio; on Nasdaq, a 3.15-to-1 ratio favored decliners. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy.

Recommended:



Popular

Blake Griffin traded to Pistons
However, in the 40 games he played with Detroit , he averaged 15 points, 2.4 rebounds, and 2.1 assists on 31.7 minutes of action. ESPN's Adrian Wojnarowski was the first to report the trade, which had not yet been officially announced as of Monday night.

IRB Sevens: Kenya qualifies for main cup quarters
Australia has steamrolled New Zealand in the Sydney Sevens women's final claiming a 31-0 win. They're also the first host team to win a women's Sevens event on home soil.

Russians Brave Icy Temperatures to Protest Putin and Election
As a police announcement intoned that walkways had to be kept clear, protesters shouted, "Putin's War", "Protest" and "Boycott". A video stream on Sunday morning from the opposition leader's headquarters showed police entering the office.

NASA Says 'Super Blue Blood Moon' Coming Wednesday, January 31
According to Space.com, the last total eclipse of a blue moon occurred just after the Civil War era in in March 1866. Since the total eclipse happens right at moonset, it may be hard for people in western Kentucky to see it.

Wenger happy with or without Aubameyang
The Gunners want to sign a striker to replace Alexis Sanchez who joined Manchester United last week. Sporting director Michael Zorc had earlier also attempted to clarify the situation.

Trump Mocks 'Cryin' Chuck Schumer, Says No DACA Without Wall
Even when Democratic Senate leader Chuck Schumer agreed with Trump's demand for billions for the wall , there was still no deal. Having spent years preparing to enter this stage of her medical training, Arreola's future is in the hands of Congress.

15-Year Old School Shooter in the US kills 2, injures 18
The shooter is now in custody, but the police have not reported if there were specific motives involved. The shooting started just minutes after the suspect arrived to school, according to a police official.

Blood moon 2018: Everything you need to know to see it
In India, the partial shadow on the Moon would be seen at 4.21 pm, while the complete lunar eclipse would be visible at 6.21 pm. A total of 85 total lunar eclipses will take place during the 21st century, and Taiwan will be able to see 63 of them.

The sound of AI: Everything you need to know about Apple's HomePod
If your device is compatible with iOS 11 or is already running that version of the Apple OS, then updating shouldn't be an issue. In the United States , you can get it through Apple Stores and at select Apple Authorized Resellers, such as Best Buy.

New England women's coach Neville in 'sexist' tweet row
Neville has a UEFA Pro license, but has never been a manager, nor does he have experience whatsoever in women's football.