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Barchart
Barchart
Rich Asplund

Stocks Fall on Weakness in Chip Makers and Healthcare Companies

Nasdaq United States Dow Jones Donald Trump Pfizer ECB JPMorgan Chase ON Semiconductor US Federal Reserve

The S&P 500 Index ($SPX) (SPY) today is down -0.49%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.51%.  Dec E-mini S&P futures (ESZ24) are down -0.51%, and Dec E-mini Nasdaq futures (NQZ24) are down -0.48%.

Stock indexes today are moderately lower, with the Dow Jones Industrials posting a 3-1/2 week low.  Chip stock weakness today is weighing on the overall market.  Also, healthcare companies that own pharmacy benefit management units are retreating today after Pfizer CEO Bourla said President-elect Trump is “very committed” to pharmacy benefit management (PBM) reform.  In addition, energy stocks are under pressure today with the price of WTI crude oil down more than -1%. 

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