US and European stocks slide again; S&P 500 hits annual low
Health insurers and hospitals are falling after a federal judge in
Some of the biggest losses are going to utilities and real estate companies, which have done better than the rest of the market during the turbulence of the last three months.
KEEPING SCORE: The S&P 500 skidded 39 points, or 1.5 percent, at 2,560 as of
The S&P 500 dropped in early trading and briefly recovered before falling again. It's now 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 2.5 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 were mixed 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. They have been hammered recently because of investors' concerns about slowing growth and slower increases in interest rates.
The S&P 500's index of financial stocks is down 10 percent in the last month, worse than any other part of the market. For the year it's down 14 percent, much worse than the 4.2 percent decline in the S&P 500.
OVERSEAS:
TRADE TENSIONS:
ENERGY: Benchmark
METALS: Gold rose 0.8 percent to
CURRENCIES: The dollar slipped to
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