INSUBCONTINENT EXCLUSIVE:
NEW YORK: Wall Street fell on Monday as healthcare stocks slid and investors worried about rising costs for companies as oil prices rose,
although the major indexes eked out a gain in April to snap a two-month losing streak.
The healthcare sector .SPXHC, which dropped 1.6 per
have raised concerns that rising commodity prices may pinch profit margins in the future.
The possibility that temporary exemptions on steel
and aluminum tariffs might expire for several USallies also weighed on US stocks
the SP500 index lost 21.86 points, or 0.82 per cent, to 2,648.05 and the Nasdaq Composite dropped 53.53 points, or 0.75 per cent, to
session, US stocks were helped by data on income and spending that kept broader inflation worries in check
US personal income rose 0.3 per cent in March, compared with expectations of 0.4 per cent
On the consumption side, personal spending growth in February was revised lower to 0.3 per cent, instead of the previously reported 0.4 per
