Tuesday, 10 January 2017

Oil drop stymies Dow's march to 20000; health stks boost Nasdaq

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Declines in energy and financial stocks weighed on the S&P 500 on Monday and helped stall the Dow's pursuit of the 20,000 milestone ahead of earnings season and expected US policy changes under the Donald Trump presidency. The Nasdaq notched a record high close, extending its bullish run with help from healthcare stocks. 

The S&P's energy sector dropped 1.5 percent as oil prices slid on concerns that rising Iraqi exports and US output could dampen the impact of a deal among major producers to limit output.

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