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Wall Street drops after weak data, healthcare slump

Updated : March 05, 2019 06:31 AM IST

Before turning negative, stocks had climbed following a report that US President Donald Trump and Chinese President Xi Jinping could reach a formal trade deal at a summit around March 27.
Optimism over the world's two largest economies reaching a trade truce already has been a significant factor fuelling the market's rally since late December, along with investors' belief that the Federal Reserve will not be aggressive in raising interest rates.
The Dow Jones Industrial Average fell 206.67 points, or 0.79 percent, to 25,819.65, the S&P 500 lost 10.88 points, or 0.39 percent, to 2,792.81 and the Nasdaq Composite dropped 17.79 points, or 0.23 percent, to 7,577.57.
Wall Street drops after weak data, healthcare slump

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