Bank, Healthcare Stocks Pressure S&P; Nasdaq Hits Record


At 13:12 ET, the Dow Jones Industrial Average was down 34.48 points, or 0.14 percent, at 24,779.21, the S&P 500 was unchanged at 2,746.87 and the Nasdaq Composite was up 17.42 points, or 0.23 percent, at 7,623.88.

Bank of America, JPMorgan and Goldman Sachs dropped more than 0.7 percent, dragging the S&P financial index down more than 0.5 percent.

Amgen fell 2.3 percent and pulled the S&P healthcare index lower after Mylan got regulatory approval for a biosimilar.

Advancing issues outnumbered decliners for a 1.17-to-1 ratio on the NYSE and for a 1.39-to-1 ratio on the Nasdaq.

The S&P index recorded 44 new 52-week highs and eight new lows, while the Nasdaq recorded 195 new highs and 27 new lows.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)


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