Stocks close broadly lower on Wall Street; trade in focus

News headlines today: Dec. 9, 2019health care

A Chinese official said Monday that the nation wants a prompt settlement, but gave no details on progress toward a potential deal. China made a conciliatory gesture last week when it said it would waive tariffs on American soybeans and pork. Technology sector stocks have been particularly sensitive to developments on trade because many of the companies rely on China for sales and supply chains. Apple fell 1.3% and chipmaker Micron Technology slid 2.8%.Abiomed led the slide in health care stocks, sliding 4.4%.

KEEPING SCORE: The S&P 500 index fell 0.2% as of 3:30 p.m. Eastern time. The Dow Jones Industrial Average slid 57 points, or 0.2%, to 27,957. The Nasdaq fell 0.2%. The Russell 2000 index of smaller company stocks slipped 0.1%.BIG PHARMA GOES SHOPPING: Several old-guard drug developers made billion-dollar purchases to beef up their development of potential cancer treatments.

DISCOUNT DRUGS: Health insurer United Health Group is buying Diplomat Pharmacy to help bolster its pharmacy benefits unit, OptimRx. The deal is being made at a steep discount, which sent Diplomat’s stock plunging 32.4%. UnitedHealth slipped 0.4%. Investors will get a revised report on worker productivity for the July-September quarter on Tuesday. Data released in November showed a decline for the first time since late 2015.

Cheers to the market crashing so we can say i told you so to Trump. Here here !!!!

Envy. Of. The. World.

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Asian stocks pulled higher by Wall Street jobs rally but China caution prevailsAsian stocks edged up on Monday, catching some of Wall Street's momentum af... How stupid can conservatives around the world be? The US jobs number of 266K for November included 42K of auto workers returning to work and seasonal increases. The US economy reflects the monetary & fiscal policy actions and global recovery following the financial crisis. The main reason for the upward revision was that non-residential investment jumped by 1.8% on-quarter instead of the preliminary estimate of 0.9%,
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European stocks seen slightly lower amid weak Chinese dataEuropean stocks looked set to open slightly lower on Monday as weak Chinese export data highlighted the detrimental impact of its prolonged trade war with the U.S.
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Stocks see modest pullback at open as central banks, trade stay in focusU.S. stocks edged lower at the opening bell on Monday ahead of a busy week packed with meetings by the Federal Reserve and the European Central Bank....
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