U.S. stocks fell in volatile trade on Thursday as investors sold off shares of healthcare companies such as Merck & Co (MRK.N) on worries that President Obama's budget proposal will strangle profits.
The Dow Jones industrial average .DJI fell 88.81 points, or 1.22 percent, to 7,182.08. The Standard & Poor's 500 Index .SPX lost 12.09 points, or 1.58 percent, to 752.81. The Nasdaq Composite Index .IXIC gave up 33.96 points, or 2.38 percent, at 1,391.47.
The Dow Jones industrial average .DJI fell 88.81 points, or 1.22 percent, to 7,182.08. The Standard & Poor's 500 Index .SPX lost 12.09 points, or 1.58 percent, to 752.81. The Nasdaq Composite Index .IXIC gave up 33.96 points, or 2.38 percent, at 1,391.47.
No comments:
Post a Comment