US STOCKS-Healthcare stocks, weak data weigh on Wall St

viernes 29 de abril de 2016 12:52 GYT
 

* Inflation barely rises in March

* Amazon jumps after results beat estimates

* Gilead falls; weighs the most on the S&P, Nasdaq

* Indexes down: Dow 0.67 pct, S&P 0.79 pct, Nasdaq 0.86 pct (Updates to early afternoon)

By Tanya Agrawal

April 29 (Reuters) - Wall Street was lower for a second day on Friday as investors assessed corporate earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid.

Shares of Gilead Sciences fell 7.4 percent to $89.89 after a drop in quarterly profit, making it the biggest drag on the S&P and the Nasdaq.

Apple was down 1.3 percent at $93.61 a day after billionaire investor Carl Icahn told CNBC he no longer has a position in the company.

Adding to the day's selling pressure, inflation data clouded the path of future rate hikes by the Federal Reserve.   Continuación...