Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

By ALEX VEIGA
Associated Press 

Health care companies, banks drive lower close for US stocks

Health care companies and banks drove U.S. stocks lower Thursday, pulling major indexes below their recent highs.

 

December 15, 2017



Health care companies and banks drove U.S. stocks lower Thursday, pulling major indexes below their recent highs.

The afternoon slide, which erased gains from earlier in the day, came on news that some Republican senators’ support for the GOP’s proposed tax overhaul bill was faltering.

Small-company stocks, which would be among the biggest beneficiaries of the bill’s reduction of corporate income tax rates, declined more than the rest of the market.

“The market is focused almost completely on the corporate tax reduction,” said Quincy Krosby, chief market strategist at Prudential F...



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