Potential Decline in Healthcare Profit, Falling Oil Prices and Rising Bond Yields Hammered Wall Street
Wall Street got dumped for a second day, led by healthcare shares and, to a lesser extent, by oil stocks. DJIA and S&P 500 indices fell -1.3% and -1.09%, respectively, for the day. For the healthcare sector, the market was unnerved by the news that Amazon, Berkshire Hathaway and JPMorgan have planned to form venture, aiming at reducing healthcare costs for their US employees.
