Clinton’s Tweet on High Drug Prices Sends Biotech Stocks Down

Biotechnology stocks fell Monday after Democratic presidential candidateHillary Clinton tweeted that she would release a plan to combat the high cost of prescription drugs. The Nasdaq Biotechnology Index fell 4.7 percent to 3,556.58 at 1:08 p.m. in New York, the biggest intraday drop since since Aug. 24, with most of the decline coming after Clinton’s … Read more Clinton’s Tweet on High Drug Prices Sends Biotech Stocks Down

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Fed’s Lockhart Says Interest-Rate Rise in 2015 Still Very Much on the Table

Federal Reserve Bank of Atlanta President Dennis Lockhart said Monday that he still expects the U.S. central bank will raise rates this year, but uncertainty about the economic outlook and unsettled markets make it a good idea to wait a little bit longer before acting. “I supported the [Federal Open Market Committee’s] decision last week … Read more Fed’s Lockhart Says Interest-Rate Rise in 2015 Still Very Much on the Table

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Sales of Previously Owned U.S. Homes Fall More Than Forecast

Sales of previously owned U.S. homes fell more than forecast in August as lean inventories slowed this year’s momentum. Closings, which usually take place a month or two after a contract is signed, declined 4.8 percent to a 5.31 million annual rate from a revised 5.58 million pace that was the strongest since 2007, the … Read more Sales of Previously Owned U.S. Homes Fall More Than Forecast

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