image: ISTOCK

Health care companies lead US stocks lower in early trading

January 30, 2018

Via: ABC News

U.S. stocks fell sharply in early trading Tuesday, extending the market’s losses from a day earlier. Health insurers, drugmakers and distributors led the slide following news that JPMorgan Chase, Amazon and Berkshire Hathaway are launching a health care venture. Technology stocks also posted losses. Energy companies fell as crude oil prices headed lower.

KEEPING SCORE: The Standard & Poor’s 500 index fell 31 points, or 1.1 percent, to 2,821 as of 10:11 a.m. Eastern Time. The Dow Jones industrial average slumped 306 points, or 1.2 percent, to 26,132. The Nasdaq lost 82 points, or 1.1 percent, to 7,383. The Russell 2000 index of smaller-company stocks gave up 15 points, or 1 percent, to 1,583.

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