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Tuesday
Jan302018

Dow slumps 362 points, health care stocks sink

iStock/Thinkstock(NEW YORK) -- Tuesday marked the first major sell-off of 2018 with U.S. stocks tumbling for a second day.

The Dow Jones Industrial Average sunk 362.59 (-1.37 percent) to finish the session at 26,076.89.

The Nasdaq fell 64.02 (-0.86 percent) to close at 7,402.48, while the S&P 500 finished trading at 2,822.43, down 31.10 (-1.09 percent) for the day.

Crude oil prices were nearly 2 percent lower and over $64 per barrel.

Winners and Losers:  Technology and health care companies were hit by news that Amazon, Berkshire Hathaway, and JP Morgan Chase were partnering in their own health care venture. Shares of UnitedHealth Group sunk 4.35 percent, CVS Health tumbled 4.11 percent, and Express Scripts was down 3.19 percent.

Harley-Davidson's stock fell sharply (-8.05 percent) after reporting its quarterly earnings and plans to close a factory in Kansas City, Missouri.

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