US STOCKS-Wall St drops with tech stocks; Netflix weighs

martes 19 de julio de 2016 10:13 GYT

* Netflix drops 13 pct on weak subscriber numbers

* J&J hits record high after results, boosts health stocks

* IMF cuts global growth forecast on Brexit uncertainty

* Indexes down: Dow 0.13 pct, S&P 0.26 pct, Nasdaq 0.21 pct (Updates to open)

By Yashaswini Swamynathan

July 19 (Reuters) - U.S. stocks dropped on Tuesday morning, led by a drop in technology and consumer discretionary stocks after Netflix's weak results.

Also weighing on sentiment was the International Monetary Fund's move to cut its global growth forecasts for the next two years due to uncertainty over Britain's looming exit from the European Union.

However, strong results from J&J and UnitedHealth helped limit losses on the Dow. J&J rose 2.1 percent to a record high of $125.75, while UnitedHealth was up 0.5 percent.

The two stocks helped make the healthcare sector the only gainer, with a 0.1 percent rise, among the 10 major S&P sectors.   Continuación...