Dow tumbles 362 points as health care stocks drag on Wall Street

Dow tumbles 362 points as health care stocks drag on Wall Street

Dow tumbles 362 points as health care stocks drag on Wall Street

The Dow Jones Industrial Average slipped 362 points to 26,076, recovering slightly after falling as much as 411 points. Rising yields have contributed to concerns as well, with the 10-year Treasury yield climbing above 2.72% for the first time in three years.

The S&P 500 Healthcare index dropped by 2.1 percent, the biggest loss among the 11 major sectors.

Russian police seek forced entry to opposition leader Navalny's office
Police said Navalny faced penalties for organising an unpermitted protest, adding he had been taken to a police station. Footage posted on Mr Navalny's official YouTube channel shows officers entering a studio and questioning staff.

Energy stocks fell amid a 1.6% drop in US oil futures, which settled at $64.50 a barrel.

MetLife was among worst performers on the S&P 500 following news the U.S. Securities and Exchange Commission was investigating the insurer's failure to pay some workers' pensions. MetLife dropped 8.7 percent after saying the US financial regulator is looking into the insurer's failure to pay some workers' pensions. The Dow was off 209 points, or 0.8%, while stocks overall saw additional pressure from a selloff by health care shares. Pfizer was down 3.4 percent despite its better-than-expected earnings and upbeat 2018 guidance on a lower tax rate.

Boston's Marcus Smart out two weeks with laceration on hand
Smart had missed the Celtics' Wednesday night win over the Clippers when the team said he cut his hand on glass at the hotel. Boston and Golden State have remained the top teams in their respective conferences all season long.

The S&P 500 is up 179.92 points, or 6.7 percent. Harley-Davidson dropped 7.7 percent after the motorcycle maker forecast a drop in shipments this year. The Nasdaq Composite Index was down 64.02 points, or 0.86 percent, to 7,402.48. Looking ahead, investors are awaiting the State of the Union address from President Donald Trump later Tuesday as well as the Federal Reserve's latest policy update on Wednesday.

Melania Trump goes to Holocaust museum after skip Davos tour
The Wall Street Journal , which first reported the story on January 12, claims Daniels was paid $US130,000 in hush money. The White House did not immediately respond to a request from CNN for comment on the first lady's trip and museum visit.

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