US Close 26 June 19 : Stocks retreat on mixed Fed signals and weaker economic news

 

US sharemarkets were weaker on Tuesday. Shares in home builder Lennar fell on weaker profit guidance. Traders also were disappointed that the US Fed chief wasn't more forthright on the interest rate outlook. In the pharmaceutical sector, AbbVie Inc said it would buy Botox maker, Allergan Plc for about $63 billion. The Dow Jones index fell by 179 points or 0.7% after being down 200 points. The S&P500 index fell by 28 points or 1.0% and the Nasdaq fell by 121 points or 1.5%.

 

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