Banks and technology companies are leading stocks lower in early trading on Wall Street.
Healthcare stocks also fell. Pfizer fell 1.4% shortly after the opening bell Thursday, the biggest decline in the Dow Jones industrial average .
Drugmakers continued to take losses a day after President-elect Donald Trump criticized their pricing policies.
The Dow fell 93 points, or 0.5%, to 19,859. The S&P 500 gave back 10 points, or 0.4%, to 2,265. The Nasdaq composite declined 33 points, or 0.6%, to 5,530.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.33%.
Donald Trump’s independent streak was on vivid display at Wednesday’s news conference. Is the great California drought finally calling it quits? Michelle King has made no big waves in her first year running Los Angeles Unified. A state watchdog agency is investigating political donations connected to real estate developer Samuel Leung.
George Lucas’ Museum of Narrative Art will be built in Los Angeles, the project’s directors have announced. The $1-billion Exposition Park museum will be funded by Lucas, the creator of «Star Wars. »
A proposal to give civilians more power over disciplining the LAPD could backfire, President Obama gives his farewell speech, Frank Gehry’s Grand Avenue project could go forward, and weeks of heavy rain and snow are reviving some California lakes.
Tonight, President Obama returns to Chicago to give a prime-time farewell address. Attorney general nominee Sen. Jeff Sessions is in the hot seat today. A storm that hit Northern California toppled the Pioneer Cabin Tree. Who should discipline police officers?
Raw video of an attempted murder suspect leading police on a chase on the 405 Freeway Monday night.
Raw video of an attempted murder suspect leading police on a chase on the 405 Freeway Monday night.
