Friday 26 August 2016

Wall Street slips on healthcare, consumer names; Fed eyed


Epic Research Update : US Markets

US stocks were modestly lower on Thursday, weighed down by a drop in healthcare and consumer names, while financials advanced slightly after two more Federal Reserve officials pushed the case for a rate hike.

The S&P 500 financials index .SPSY, which stands to gain the most from higher rates, was up 0.28 percent. The KBW Nasdaq Bank index .BKX rose 0.39 percent, its best day in nearly two weeks.

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