Major U.S. stock-indexes slipped to session lows, before recovering ground, on Wednesday as drug stocks took a beating after Donald Trump's comments on drug pricing in his first formal news conference after his election victory. The President-elect lashed out at pharmaceutical companies, saying they were "getting away with murder" by charging high drug prices. Drug pricing has become a lightning rod for criticism with several drugmakers coming under federal investigation for price gouging.
Most of Dow stocks in positive area (18 of 30). Top gainer - Merck & Co., Inc. (MRK, +1.75%). Top loser - Pfizer Inc. (PFE, -2.78%). Most of S&P sectors also in positive area. Top gainer - Basic Materials (+1.0%). Top loser - Healthcare (-1.7%).
At the moment:
Dow 19807.00 +19.00 +0.10%
S&P 500 2261.75 -2.00 -0.09%
Nasdaq 100 5022.50 -8.75 -0.17%
Oil 52.57 +1.75 +3.44%
Gold 1194.20 +8.70 +0.73%
U.S. 10yr 2.34 -0.04