Health Care, Tech Lead US Stocks Lower

Dow falls 32 points
By Newser Editors and Wire Services
Posted Mar 27, 2019 3:16 PM CDT

(Newser) – Stocks ended broadly lower on Wall Street as weakness in health care, technology companies, and banks offset gains elsewhere in the market, the AP reports. Microsoft led the declines in big tech companies with a 1% drop Wednesday. Drugmaker Eli Lilly gave up 1.7%. Centene sank 5% after agreeing buy WellCare Health Plans for more than $15 billion. Banks fell as bond yields continued to drop. Bank of New York Mellon gave up 1.5%. The S&P 500 index fell 13 points, or 0.5%, to 2,805. The Dow Jones Industrial Average fell 32 points, or 0.1%, to 25,625. The Nasdaq gave back 48 points, or 0.6%, to 7,643. (Read more stock market stories.)

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