Mon, 10 Aug 2020

U.S. stocks dip slightly as health sector drains

Lola Evans
18 Apr 2019, 08:53 GMT+10

<p>NEW YORK, New York - Wall Street was little changed on Wednesday as buyers and sellers evened out the trading.</p><p>The indices probably would have recorded good gains except for the healthcare sector, which saw shares tumble an average 2.90%.</p><p>&quot;Companies are worried about the attention &lsquo;Medicare for all&rsquo; is getting,&quot; Jim Bell, president and chief investment officer at Bell Investment Advisors in Oakland, CA was quoted as saying by the Reuters Thomson news agency. &quot;The way the CEOs of these companies are going on offense against the discussions in Congress, it starts a momentum of its own.&quot;</p><p>&quot;Investors would rather invest in sectors that aren&rsquo;t going through such a big controversy,&quot; he said.</p><p>The Dow Jones Industrial Average finished down 3.12 points or 0.01% at 26,449.54.</p><p>The Standard and Poor&#39;s 500 fell 6.61 points or 0.23% to 2,900.45.</p><p>The Nasdaq Composite eased 4.15 points or 0.05% to 7,996.08.</p><p>The U.S. dollar had a quiet day, although it was well bid against the euro which hovered around the 1.1300 level. It was in fact last quoted in New York on Wednesday at 1.1300.</p><p>The British pound inched down to 1.3039. The Japanese yen eased to 112.04.</p><p>The Swiss franc was unchanged at 1.0107. The Canadian dollar fell a fraction to 1.3343. The Australian dollar edged up to 0.7177. The New Zealand dollar dipped to 0.6728.</p>

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