US and European stocks slide again as health companies fall
KEEPING SCORE: The S&P 500 fell as much as 1.2 percent in morning trading before making a recovery and briefly turning higher. At
The S&P 500 is on track for its lowest close since
The S&P Small Cap 600 index went into a bear market Friday as investors continue to lose confidence in the
HEALTH SCARE: Hospital operator HCA dropped 2.3 percent to
Many experts expect the ruling will be overturned, but with the markets suffering steep declines in recent months, investors didn't appear willing to wait and see.
BONDS: Bond prices rose. The yield on the 10-year
The
Banks managed some gains Monday despite the downward drift in bond yields, which makes lending less profitable for banks by forcing interest rates on loans such as mortgages lower.
The S&P 500's index of financial stocks is down 9.5 percent in the last month, worse than any other part of the market. For the year it's down 13.5 percent, much worse than the 3.5 percent decline in the S&P 500.
OVERSEAS:
TRADE TENSIONS:
ENERGY: Benchmark
CURRENCIES: The dollar slipped to
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