Summary
NEW YORK -- Health care stocks, one of the better performers on Wall Street lately, led the market lower Thursday after the White House proposed cutting payments to private insurance plans. The Dow Jones industrial average fell 88.81, or 1.2 percent, to 7,182.08. The Standard & Poor's 500 index fell 12.07, or 1.6 percent, to 752.83 and the Nasdaq composite index fell 33.96, or 2.4 percent, to 1,391.47.
Financial shares rose on the prospect of further help from Washington and after banks in Europe announced plans to reshape operations.See the full content of this document
Extract
Health Care Stocks Fall On White House Plans
Health stocks fell after the Obama budget proposed slowing growth of Medicar...
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