Wall Street Hit by Rising Bond Yields, Sinking Health Stocks

Wall Street Hit by Rising Bond Yields, Sinking Health Stocks

Wall Street Hit by Rising Bond Yields, Sinking Health Stocks

US stocks traded sharply lower on Tuesday, falling for a second day as the first major sell-off of the new year intensified. Health insurer UnitedHealth fell 4.3 percent, the most among Dow components, while Cigna's 6.4 percent drop was the biggest on the S&P 500.

The Nasdaq fell 39.27 (-0.52 percent) to close at 7,466.51, while the S&P 500 finished trading at 2,853.53, down 19.34 (-0.67 percent) for the day. The S&P 500 index and the Nasdaq Composite Index were also facing selling pressure, and threatening to mark the first back-to-back declines for those benchmarks in January.

The CBOE Volatility Index, the most widely followed gauge for investors' "fears", rose to as much as 14.69, its highest level since August.

Among earnings, Pfizer shares fell 3 percent.

Intel notified Chinese companies Of Security Flaws before the US Government
With so many devices being open to security flaws, Nvidia has confirmed that its GPUs are immune to Spectre and Meltdown flaws. Since then, some updates to chips made by Intel and AMD were later revealed to cause their own problems.

Sisi to contest Egypt presidential poll virtually unopposed
In a video posted on his Facebook account on January 19, Anan said he will run in the upcoming elections to save Egypt. The president has overseen what many believe to be the most sweeping crackdown on dissent in living memory.

UAE- Once in a blue moon is here! It's a celestial treat
For skywatchers in the central and eastern USA , only a partial eclipse will be visible since the moon will set before totality. Since the total eclipse happens right at moonset, it may be hard for people in western Kentucky to see it.

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.

S&P 500 measures the performance of 500 widely held common stocks of large-cap US companies.

Investors will likely scrutinize Trump's first State of the Union address for clues on trade policy and infrastructure spending.

Declining issues outnumbered advancers on the NYSE by 2,260 to 618.

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