- Title: S&P, Dow end lower
- Date: 21st June 2017
- Summary: NEW YORK CITY, NEW YORK, UNITED STATES (JUNE 21, 2017) (REUTERS) (SOUNDBITE) (English) ADVISORS ASSET MANAGEMENT CEO, SCOTT COLYER, SAYING: "We do have a breakout in the biotechs today, but that's just a reflection of growth. Growth is in. Value is out. And I think biotechs probably have a long way to run because quite frankly, their businesses, along with healthcare, they are growing their earnings, so their stock prices probably have some room to run."
- Embargoed: 5th July 2017 21:21
- Keywords: biotech stocks Uber Federal Reserve Advisors Asset Management oil prices healthcare
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets
- Reuters ID: LVA0026M82QVH
- Aspect Ratio: 16:9
- Story Text: The S&P 500 and Dow were weighed down by falling energy stocks as oil prices fell on Wednesday (June 21) and added to investor concerns about low inflation.
Healthcare and technology stocks helped lift the Nasdaq Composite index.
The Dow Jones Industrial Average was down 53.89 points, or 0.25 percent, to end at 21,413.25, the S&P 500 had lost 1.25 points, or 0.05 percent, to 2,435.78 and the Nasdaq Composite had added 45.92 points, or 0.74 percent, to 6,233.95. - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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