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Wall Street ends lower

Friday, 26 June 2015


US stocks ended a quiet session with modest losses on Thursday, but healthcare stocks rallied after the US Supreme Court upheld tax subsidies key to President Barack Obama's signature healthcare reform law. The Dow Jones industrial average .DJI fell 75.71 points, or 0.42 per cent, to 17,890.36, the S&P 500 .SPX lost 6.27 points, or 0.3 per cent, to 2,102.31 and the Nasdaq Composite .IXIC dropped 10.22 points, or 0.2 per cent, to 5,112.19. Energy shares were the weakest of the day, with the S&P energy index .SPNY down 1 per cent. US crude futures CLc1 settled down about 1 per cent at $59.70 per barrel, weighed by weaker US refined fuels markets. Occidental Petroleum (OXY.N) fell 1 per cent to $78.53. Declining issues outnumbered advancing ones on the NYSE by 1,964 to 1,100, for a 1.79-to-1 ratio; on the Nasdaq, 1,500 issues fell and 1,274 advanced for a 1.18-to-1 ratio favoring decliners. The benchmark S&P 500 posted 16 new 52-week highs and 17 new lows; the Nasdaq recorded 119 new highs and 42 new lows. About 5.7 billion shares traded on all US platforms, according Reuters.