Categories: world

US and European stocks decline again when healthcare companies fall

NEW YORK (AP) – US stocks are lowered on Monday and S & P 500 is trading close to its lowest levels this year when healthcare stocks trip. Hospital insurers and hospitals fall after a judge in Texas has argued that the 201 0 care act is unconstitutional. Resellers and technology companies also decline. Points: S & P 500 throw 13 points, or 0.5 percent, to 5656 at 10:15 east. The benchmark index is about its lowest levels this year, which was a major decline in early February. Dow Jones Industrial Average lost 132 points, or 0.6 percent, to 23,968. The Nasdaq composite material fell 32 points, or 0.5 percent, to 6,878. The Russell 2000 Index gave 9 points, or 0.7 percent, to 1.401. Russell 2000 has fallen almost 20 percent since it ended at its last record high at the end of August. Wall Street calls for a decline of 20 percent of a "bear market" and it is considered a major decline. The S & P Small Cap 600 Index entered a bear market Friday, as investors continue losing confidence in the US economy's growth prospects. Smaller companies are considered more vulnerable in a decline than larger companies because they are more dependent on economic growth and tend to have higher debt levels. Health damage: Hospital operator HCA fell by 4.2 percent to 121.37 USD while HealthHow UnitedHealth lost 2.4 percent to $ 258.60. The Centers, a health insurance company focusing on Medicaid and Affordable Care Act's individual…

NEW YORK (AP) – US stocks are lowered on Monday and S & P 500 is trading close to its lowest levels this year when healthcare stocks trip. Hospital insurers and hospitals fall after a judge in Texas has argued that the 201

0 care act is unconstitutional. Resellers and technology companies also decline.

Points: S & P 500 throw 13 points, or 0.5 percent, to 5656 at 10:15 east. The benchmark index is about its lowest levels this year, which was a major decline in early February. Dow Jones Industrial Average lost 132 points, or 0.6 percent, to 23,968. The Nasdaq composite material fell 32 points, or 0.5 percent, to 6,878. The Russell 2000 Index gave 9 points, or 0.7 percent, to 1.401.

Russell 2000 has fallen almost 20 percent since it ended at its last record high at the end of August. Wall Street calls for a decline of 20 percent of a “bear market” and it is considered a major decline.

The S & P Small Cap 600 Index entered a bear market Friday, as investors continue losing confidence in the US economy’s growth prospects. Smaller companies are considered more vulnerable in a decline than larger companies because they are more dependent on economic growth and tend to have higher debt levels.

Health damage: Hospital operator HCA fell by 4.2 percent to 121.37 USD while HealthHow UnitedHealth lost 2.4 percent to $ 258.60. The Centers, a health insurance company focusing on Medicaid and Affordable Care Act’s individual health insurance, dropped 7.6 percent to 117.96 dollars and Molina shot 14.8 percent to 112.18 dollars.

Many experts expect the court to turn around, but with the markets that have suffered steep decline in recent months, investors did not want to wait and see.

TRADE DEVELOPMENTS: China and the United States collided over their respective trade policy on Monday when China criticized what it calls a “unilateralistic and protectionist” attitude to trade. The US ambassador to the World Trade Organization said that these criticisms were unjustified. The two nations have been involved in a dispute over technology policy and other issues during most of this year. Investments are no longer worried that tensions will pull down the already slow global economy without ending the conflict in sight.

BONDS: Bond prices rose. The return on the 10-year government bond decreased to 2.87 percent from 2.89 percent.

The Federal Reserve is expected to raise interest rates again on Wednesday, the fourth increase this year. Interest rates have been raised over the past three years and investors want to know if the Fed resets its plans for further increases based on concerns about the stock market in recent months and evidence that World Economic Growth slows down.

UK QUESTIONS: Britain’s Prime Minister Theresa May was resigned to reject the idea of ​​another referendum on Britain’s departure from the European Union on Monday. Britain is planning to leave the EU at the end of March, and legislators do not support a set of rules adopted by May and EU leaders. But if Britain leaves without an agreement, it can lead to major disruptions in the UK and European economies and financial markets.

OVERVIEW: Germany’s DAX lost 1.4 percent. This means that DAX, which represents Europe’s largest single economy, is also on the market for bear. France’s CAC 40 fell 1.3 percent and the British FTSE 100 lost 1.1 percent.

Japan’s Nikkei 225 Index increased 0.6 percent, and Kospi in South Korea received 0.1 percent. Hong Kong’s Hang Seng was less than 0.1 percent lower. Both Kospi and Hang Seng are also available in bear markets.

ENERGY: Benchmark U.S. Raw fell 1.1 percent to $ 50.66 a barrel in New York. Brent crude oil, which used to price international oils, charged 0.4 percent to $ 60.50 a barrel in London.

CURRENCIES: The dollar fell to 112.93 yen from 113.29 yen. The euro rose to $ 1,1333 from $ 1,1303. The British pound climbed up to $ 1,2609 from $ 1,2579.

___

AP Markets Writer Marley Jay can be accessed at http://twitter.com/MarleyJayAP

Share
Published by
Faela