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| March 23, 2018

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Healthcare stocks lead U.S. market lower

February 13, 2018 |

Healthcare companies led stocks broadly lower in Tuesday’s early trading on Wall Street as the market gave back some of its big gain from the day before.

Drug distributor companies were especially hard hit in the early going after the Wall Street Journal reported that Amazon was seeking to expand…

L.A. Times – Business

Stocks End Lower After Wobbly Day

February 8, 2018 |

Stocks are ending a wobbly Wednesday lower, but with far less volatility than the market has seen over the previous three days, the AP reports. Technology companies posted some of the biggest losses. Apple gave up 2.1% and Facebook lost 2.8%. Energy companies also fell. Exxon Mobil gave…

Stocks open broadly lower, led down by tech shares

February 2, 2018 |

Technology companies were leading stocks broadly lower in early trading Friday, extending the market’s slide into a second day.

Google’s parent company, Alphabet, slumped 4.6% after reporting results that missed analysts’ forecasts.

Exxon Mobil sank 5%, and Chevron lost 1.8%. Both also reported…

L.A. Times – Business

Stocks open broadly lower on Wall Street

February 1, 2018 |

Stocks opened broadly lower on Wall Street on Thursday after several big companies reported disappointing quarterly results or outlooks.

United Parcel Service slumped 6% in early trading after saying higher costs affected its business in the fourth quarter.

PayPal dropped 7.7% after EBay said it…

L.A. Times – Business

Trump once again vows to lower drug prices, and once again you shouldn’t believe him

February 1, 2018 |

President Trump told some whoppers in this week’s State of the Union speech: His tax cuts were the biggest ever (they weren’t), he has added 2.4 million new jobs (only if you count former President Obama’s last few months in office), wages are finally rising (they’ve been slowly but steadily climbing…

L.A. Times – Business

Industrial stocks open lower; high-yield stocks edge up

January 22, 2018 |

Losses for industrial companies are pulling U.S. stocks lower at the start of trading, but high-yield stocks are making small gains.

Boeing slid 0.7% and General Electric lost 0.9% Monday morning. Investors didn’t appear troubled by the federal government shutdown.

Corporations announced a slew…

L.A. Times – Business

Stocks open slightly lower; several retailers climb

January 8, 2018 |

Stock indexes opened slightly lower on Wall Street on Monday as losses in banks and healthcare stocks outweighed gains in other sectors.

Drugmaker AbbVie was down 1.9% in early trading, one of the biggest losses in the Standard & Poor’s 500 index. Bank of America was down about 1%.

Several retailers…

L.A. Times – Business

Stocks Slightly Lower Ahead of Christmas Holiday

December 22, 2017 |

Stocks closed mostly lower Friday on Wall Street as a subdued week of trading came to a close, the AP reports. Health care companies and banks fell the most. Nike fell 2.3% after reporting disappointing results in its North American business. Trading in bitcoin futures was volatile . Futures dropped…

Stocks open slightly lower, and bitcoin futures drop

December 22, 2017 |

Stocks opened slightly lower on Wall Street as technology and consumer-focused companies took losses.

Chipmaker Nvidia fell 1.5% in early trading Friday. Nike dropped 4.3% after reporting disappointing results in its North American business.

The Standard & Poor’s 500 index slipped 1 point, or 0.1%,…

L.A. Times – Business

US Stock Indexes Close Mostly Lower

December 20, 2017 |

Stock indexes closed mostly lower Wednesday on Wall Street after bouncing around for much of the day, the AP reports. Health care companies and banks fell Wednesday. Drugmaker Pfizer fell 1.3%. Small-company stocks, which stand to benefit most from lower corporate tax rates, rose after Congress passed the Republican-sponsored…