Wall Street Dips

Credit: Wochit Business
Published on April 18, 2019 - Duration: 00:43s

Wall Street Dips

According to Reuters, U.S. stocks headed lower on Wednesday, as a selloff in healthcare stocks extended for a second day, overshadowing a rally in chipmakers led by Qualcomm.

The S&P healthcare index tumbled 2.5%, on pace to wipe out its yearly gains over concerns about potential changes to healthcare policy as 2020 presidential election looms. Medical device maker Abbott Laboratories Inc fell 3.8%, despite quarterly results beating estimates.

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Wall Street Dips

THURSDAY, APRIL 28, 2016, FILE PHOTO

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