Wall Street succumbs to rising bond yields, sinking health stocks

Reuters

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.

Arsenal suffer 3-1 defeat at rejuvenated Swansea
The Armenia global joined in a swap deal which involved Alexis Sanchez moving in the opposite direction. Having previously beaten Liverpool and now Arsenal , the Swans have now won four home league games.

Pierre Agnes: Boardriders boss goes missing at sea in France
Mr Agnes meant to do some solo fishing at Capbreton, which is located at the mouth of the Boudigau and Bourret rivers. Earlier this month Boardriders announced an ambitious bid for its Australian rival, Billabong.

Two more Tulare County women die from flu
And faculty and staff, as well as students, can obtain flu shots at their doctor's office and at local pharmacies, she adds. Levine urges people who have not gotten the vaccine to get it, and said no shortages have been reported.

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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