S&P 500, Nasdaq edge down, pulling back with tech
NEW YORK (Reuters) - The S&P 500 and Nasdaq were down slightly in Monday afternoon trading, led by losses in technology shares, as the market pulled back following gains last week.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid
Microsoft Corp (MSFT.O) was the biggest drag on the S&P 500 .SPX and Nasdaq .IXIC. Technology stocks .SPLRCT fell more than 1% and were the biggest drag on the benchmark index.
Amgen fell 2.85% after analysts raised questions about data on the company’s lung cancer drug, dragging the healthcare sector .SPXHC down 0.84%.
Financial stocks .SPSY rose 1.62%, with banks .SPXBK gaining 3.28% and U.S. Treasury yields gained on rising bets of an interest rate cut in the U ...