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.

Chris Christie steps out of spotlight, joins ABC News
Christie will make his debut appearance earlier Tuesday on " Good Morning America ", the source said. The Daily Caller News Foundation is working hard to balance out the biased American media.

Marcus McGuane: Arsenal midfielder signs for Barcelona
Arsenal added in a club statement: "We would like to thank Marcus for his contribution and wish him well at Barcelona". Born in Greenwich, he joined the Gunners as a six-year-old and has progressed through the club's Hale End Academy.

Tom Brady Wore Two Gloves Again On Super Bowl Media Night
Super Bowl LII will take place Sunday at US Bank Stadium in Minneapolis , with kickoff set for 6.30pm ET. I just tell him to be yourself, play your game and when he's done that, he's played great.

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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