Dow in the red pulled by pharma, healthcare

Monday, 11. February 2019 19:38

The Dow traded with slight losses on Monday after opening with gains, as big pharma dragged the index down, together with a decline in Walt Disney stock.

The Dow Jones Industrial Average index decreased 0.16% at 1:32 pm ET, with Pfizer and UnitedHealth Group as the worst performers, both down by 1.54%. Walt Disney lost 1.44% at the same time, while Merck and Co. contracted by 0.84%.

The Nasdaq 100 turned slightly negative as well, to trade 0.06% lower at 1:35 pm ET. Activision Blizzard led the losses on the tech-heavy index, tumbling 6.32%. The S&P 500 was flat.

Related Links: Merck & Co. Inc.Pfizer Inc.
Author:
Breaking the News / NI