The Dow Jones industrial average closed 0.02 percent weaker
at 17,732.75 points while the S&P 500 lost 0.11 percent to 2,081.24. The
Nasdaq Composite edged 0.03 percent lower to 5,073.64.
Wall Street ended a little lower on Thursday as falling healthcare stocks
offset gains in Intel and other technology names while investors eyed an
expected rate hike in December.
A profit warning by UnitedHealth led to a 5.65 percent drop
in its stock, making the health insurer the biggest drag on the Dow Jones
industrial average and the S&P 500. It also sent the shares of competitors
Anthem and Aetna down more than 6 percent each. The S&P healthcare sector was the worst performer among
the 10 major S&P sectors with a 1.63 percent decline.
Intel Corp jumped 3.44 percent after boosting its annual dividend. The chipmaker and Apple, up 1.27 percent, added more upward pressure to the S&P 500 than any other stocks.
Intel Corp jumped 3.44 percent after boosting its annual dividend. The chipmaker and Apple, up 1.27 percent, added more upward pressure to the S&P 500 than any other stocks.
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