Wall Street's three main indexes were on track to record their third sessio...
- Wall Street’s three main indexes were on track to record their third session of losses as healthcare stocks fell and investors booked profits after a stellar run in equities this year.
A strong start to the week after a report that the two sides would arrive at a trade deal as early as month-end fizzled out, mainly due to a lack of any further developments. “It has been a really good year for the S&P 500 and we all know that it will not continue at this pace as the risk/reward will be flat to down from here onwards, so I think its just profit taking.”
Energy slipped 1.66 percent, the most among major S&P sectors, weighed by Exxon Mobil Corp which fell 1.7 percent after the oil major said it planned to increase capital spending next year. General Electric Co shares tumbled 8 percent, extending losses from a day earlier, after it warned of a negative net cash flow from its industrial businesses this year.
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