Wall Street succumbs to rising bond yields, sinking health stocks

Wall Street succumbs to rising bond yields, sinking health stocks

US stocks opened lower for a second straight day on Tuesday, with the Dow down about 250 points, weighed down by a rise in bond yields and a drop in shares of healthcare companies.

Shares of healthcare-related companies dropped after Amazon.com, Berkshire Hathaway and JPMorgan said they plan to form a venture aimed at lowering healthcare costs for their US employees.

USA stocks closed lower on Tuesday as the first major sell-off this year intensified. The Dow closed off about 362 points, or 1.4% at 26,076, marking its steepest daily percentage drop since May. The S&P 500 fell 0.7% to 2,834, while the Nasdaq Composite lost 0.8% to 7,403.

MetLife dropped 8.7 percent after saying the USA financial regulator is looking into the insurer's failure to pay some workers' pensions.

Short Term Outlook For QUALCOMM Incorporated (NASDAQ:QCOM)
An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. It has underperformed by 7.39% the S&P500. (MO) by 21.9% based on its latest 2017Q3 regulatory filing with the SEC.

Peacock denied as emotional support animal for flight
A woman at Newark Liberty International Airport recently brought her peacock along on a United Airlines flight, according to Time. Some Twitter users expressed support for the United passenger's attempt to bring the peacock onto her flight.

Loving Bruno Mars divisive in his Grammy glory
The 32-year-old Honolulu, Hawaiian native was nominated for six coveted awards , and he walked away with every single one of them. Broadway got its due with stellar performances by Ben Platt of "Somewhere" and Patti LuPone of "Don't Cry for Me Argentina".

Harley-Davidson's stock fell sharply (-8.05 percent) after reporting its quarterly earnings and plans to close a factory in Kansas City, Missouri.

Apple Inc AAPL.O declined for a second day, falling 0.6 percent on news that the U.S. Department of Justice and the Securities and Exchange Commission are investigating the company's disclosure that it slowed older iPhones with flagging batteries. Market expectations for a rate hike are 5.2 percent, according to the CME Group's FedWatch tool. Chevron (NYSE:CVX) was down 2.5%.

The market selloff came on the heels of President Trump's first State of the Union address Tuesday evening.

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