United States stocks close lower on sell-off

USA stocks fell for a second straight day on Tuesday, with the Dow registering its biggest two-day drop since September 2016, pressured by healthcare stocks and rising bond yields.

Winners and Losers: Technology and health care companies were hit by news that Amazon, Berkshire Hathaway, and JP Morgan Chase were partnering in their own health care venture.

The Nasdaq fell 39.27 (-0.52 percent) to close at 7,466.51, while the S&P 500 finished trading at 2,853.53, down 19.34 (-0.67 percent) for the day.

The Dow Jones Industrial Average was retreating sharply lower on Tuesday, with the blue-chip gauge on pace for its worst single-session decline in about 8 months.

Meanwhile, the Federal Reserve kicked off its latest two-day monetary policy meeting on Tuesday.


Crude oil prices were almost 1 percent lower and over $65 per barrel. The S&P 500 fell 7 points, or 0.23%, to 2,866.

"I think despite this selloff, all indications point to a firming economy and I do expect to see some bargain hunters step in soon", Pavlik said. Pfizer Inc PFE.N was down 3.1 percent despite its better-than-expected earnings and upbeat 2018 guidance.

S&P 500 measures the performance of 500 widely held common stocks of large-cap USA companies.

The S&P 500 index showed 13 new 52-week highs and 4 new lows, while the Nasdaq recorded 26 new highs and 32 new lows.


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