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Hefty losses in health care and technology companies led USA stocks sharply lower Tuesday, handing the market its biggest pullback since August and its worst two-day drop since May. Health insurerUnitedHealth fell 4.3 percent, the most among Dow components, while Cigna's 6.4 percent drop was the biggest on the S&P 500. USA stocks also posted the biggest drop of the new year.
Wall Street pulled back from record highs on Monday, with the Dow and the S&P 500 indexes marking their biggest one-day percentage declines in about five months, weighed down by a slide in Appleshares, reports Reuters.
The S&P 500 was down 27.82 points, or 0.97 per cent, at 2,825.71 and the Nasdaq Composite was down 60.17 points, or 0.81 per cent, at 7,406.33.
Art Hogan, chief market strategist at B. Riley FBR said: "We've had a unilateral move higher [in stocks] to start things off and people are realising this is not sustainable".
Nasdaq 100 futures climbed 0.4%, as Apple (AAPL) dragged lower and despite gains by all four FANG stock tech leaders.
Yields, which rise as bond prices fall, have ticked higher in recent sessions, as investors have bet on an uptick in growth and inflation following the passage of US corporate tax cuts. Personal Spending rose 0.4%, but this was slightly below the 0.5% estimate. That's the biggest one-day drop since August 17. The Russell 2000 index of smaller-company stocks gave up 15.29 points, or 1 percent, to 1,582.82.
Aside from higher yields, telecom stocks also slipped on reports that the USA government was considering building a 5G wireless network to guard against spying.
Among earnings, Pfizer shares fell 3.3 percent. But some investors speculated that the growing strength in the USA economy and labor market could prompt the central bank to perhaps forecast an extra rate increase this year. Brent crude, used to price worldwide oils, dropped 44 cents, or 0.6 percent, to close at $69.02 a barrel in London.
The Bucks used a big second quarter to build a 19-point half-time lead, sending Chicago to their fourth straight loss. After a few minutes with teammates and trainers surrounding him, a stretcher took him off the floor.
He said several European Central Bank policymakers at a meeting on Thursday had questioned a change in US policy. Stimulus withdrawal has been much discussed in markets because the eurozone economy is growing strongly.
A Turkish operation in Manbij would be fraught with risk due to the presence of the USA military personnel in and around the town. Turkey considers the Syrian Kurdish YPG a terror group and an extension of the Kurdish insurgency within its own borders.
Meanwhile, the Indian Army claimed that the troops opened fire in self-defense after their convoy came under heavy stone pelting. The Army said its personnel had fired in self-defence after a junior level officer fell unconscious following the attack.
The HomePod arrives in stores in February, but you'll need to wait for a software update to unlock all features later this year. The Google Home Max also has a similar feature where it automatically optimises the sound based on where it is kept in a room.
After a recess of almost a month, the session will resume from 5th March and will go on till 6th of April. JD (U) leader Harivansh Narayan Singh said that grave issues concerning the nation were discussed.
Izzo, meanwhile, did not go as in depth when it comes to the allegations against Michigan State's men's basketball program. The entire board of the US Gymanstics Association has resigned as a result of their prior knowledge of the abuse.
We will show Siddharamaiah who is playing politics. "If not, we shall take out a rally in Bengaluru on February 4". Essential services including hospitals, medical shops, the fire department will remain open.
The image below shows the forecast SHERB parameter, using the high-resolution North American Model, for 10 a.m. Saturday night , the low will be around 27 with mostly clear skies, according to the weather service.
'Glee' star dead amid sentencing for child pornography
While no cause of death has been officially confirmed as yet, TMZ report that it may be linked to an apparent suicide. Police found a cache of explicit images on his computer depicting children as young as 10 in sexual situations.
FBI Deputy Director Andrew McCabe to Step Down
FBI Deputy Director Andrew McCabe stepped down Monday, ahead of his planned retirement in March, according to multiple reports. In December, Trump tweeted "FBI Deputy Director Andrew McCabe is racing the clock to retire with full benefits".
Trump and 'Cryin' Chuck Schumer' are arguing on Twitter again
He said he would work with "colleagues and this administration on reaching a consensus that both sides of the aisle can agree on". Beginning March 5, about 1,000 people a day will lose their protection from deportation, according to their report .
Rare lunar trifecta may be partially visible in WNY
This first full moon of January is known as the wolf moon because it is recognized as the time to hear howling wolves. This free event will begin during eclipse partiality at 5:30 a.m. on the West Lawn of CSU's Lory Student Center.
Hoffman first Arizona Wildcat elected into Baseball HOF
Chipper Jones and Jim Thome got in on their first try, while Vladimir Guerrero (second) and Trevor Hoffman (third) also got in. They still have a chance to make a surge next year, because the ballot will not be almost so crowded with strong candidates.
Cape Town to run out of water within weeks
The measures follow nearly three years of water shortages, Cape Town's rainfall dams are sitting at 27 percent full. South African Breweries has pledged to bottle and distribute 12 million bottles of water in Cape Town.