Stocks struggle as health-care losses overshadow strong earnings and China data [CNBC]
Bryn Mawr Bank Corporation (BMTC)
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Source: CNBC
Stocks struggle as health-care losses overshadow strong earnings and China data show chapters Pay attention to tech this earnings season, says Nick Colas 3 Hours Ago | 02:22 Stocks struggled on Wednesday as sharp losses in the health-care sector offset strong quarterly earnings results. The Dow Jones Industrial Average S&P 500 Nasdaq Composite Health care fell 1.9% as a sector, adding to its steep losses from the previous session. The sector fell 2% on Tuesday, its biggest one-day decline since Jan. 3. "Health care is one of the poorest performers this year," said Ernie Cecilia, CIO at Bryn Mawr Trust. "Some of it is political. The prospects from a regulatory perspective, certainly in managed care and some of the large pharmaceutical companies, is a question mark." The sector's sharp losses came after UnitedHealth CEO David Wichmann warned that proposals pushed by Democratic lawmakers, such as "Medicare for All," would "surely jeopardize the relationship people have with their doctor
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