Tuesday, March 18, 2025 | 02:59 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Wall Street slips from record as healthcare, energy drag; Nasdaq down 0.08%

Oil's drop below $69 a barrel on a reported rise in US fuel stocks shaved 0.66% off the S&P energy index

Wall Street's response to the Fed's tapering plan has so far been muted as a weaker dollar spurs optimism about developing-world assets	 photo: reuters
Premium

Wall Street's response to the Fed's tapering plan has so far been muted as a weaker dollar spurs optimism about developing-world assets. Photo: Reuters

Reuters
Wall Street's main indexes edged lower on Thursday as declines in healthcare and energy stocks paused a rally that had driven the Dow Jones index to its fastest ever 1,000 point gain.

Merck and Pfizer weighed the most on the S&P healthcare sector, which fell 0.45 per cent.

Oil's drop below $69 a barrel on a reported rise in US fuel stocks shaved 0.66 per cent off the S&P energy index. Investors are keeping a close eye on corporate earnings reports, given the runup in stock valuations.

Morgan Stanley wrapped up earnings season for the big US banks with a better-than-expected profit, but

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in