Wall Street Slips as Healthcare Slumps Again
Thursday, 18 April 2019 23:25 WIB | MARKET UPDATE |DOW JONESS & P 500Indeks NasdaqSahamAS

U.S. stocks dipped in volatile trading on Thursday, ahead of a long Easter weekend, as another drop in healthcare stocks overshadowed gains from industrials after upbeat earnings.

In a bright spot, U.S. retail sales increased by the most in 1-1/2 years in March, while a labor department report showed the number of Americans filing for unemployment benefits dropped to its lowest in nearly 50 years last week, further underscoring the economy's strength.

Stocks have rallied from a slump late-last year, putting the benchmark S&P 500 index about 1 percent away from its closing record high hit in September.

At 10:58 a.m. ET, the Dow Jones Industrial Average was up 49.86 points, or 0.19%, at 26,499.40. The S&P 500 was down 1.82 points, or 0.06%, at 2,898.63 and the Nasdaq Composite was down 22.94 points, or 0.29%, at 7,973.15.

Of the 77 S&P 500 companies that have posted earnings so far, about 78% have beaten estimates, according to Refinitiv data.

Source : Reuters

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