S&P, Dow hurt by energy, banks; biotech boosts Nasdaq

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The S&P 500 and Dow stock indexes were weighed down by falling energy shares as oil prices fell on Wednesday and added to investor concerns about low inflation, while healthcare and technology stocks helped lift the Nasdaq Composite index.

Energy was the weakest S&P sector with a 1.6 percent decline after oil prices reversed course during the morning session and US crude touched its lowest point since August despite larger-than-expected declines in inventories.

The Dow Jones Industrial Average fell 57.11 points, or 0.27 percent, to close at 21,410.03, the S&P 500 lost 1.42 points, or 0.06 percent, dropping to 2,435.61 and the Nasdaq Composite added 45.92 points, or 0.74 percent, rising to 6,233.95.

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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300