Tuesday, January 17, 2017

Banks and health care weighed on Wall Street – Västerbottens-kuriren (the Courier)

US stock markets fell on Tuesday after being kept closed the day before. Banks and health care weighed on most.

the Biotechnology and läkemedelsaktier then backed away Donald Trump in an interview with The Washington Post repeatedly that he will put pressure on pharmaceutical companies when it comes to medicinpriserna.

the financial sector, which has risen sharply since the presidential election in november, also had a bad day. The major banks JP Morgan and Bank of America fell by 3.8% and 4.2% respectively.

Shares in the retail sector went however, the better.

Wal-Mart was the big winner then the department store chain announced that it will create 10 000 new jobs in the year. Shares rose 2.0 per cent.

the Dow Jones industrial index fell 0.3 per cent, Nasdaq’s kompositindex declined 0.6 percent and the S&P 500 fell 0.3 per cent.


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