Stocks waver in response to health care, AIG

Posted March 8, 2010 at 11:09 a.m.

Dow Jones Newswires | U.S. stocks edged lower Monday, weighed down by the health-care sector as President Barack Obama targeted health insurers in a speech.

The Dow Jones Industrial Average was down 18 points at 10,548, in recent
trading. The measure’s health-care components were among its worst
performers, with Pfizer down 1% and Merck off 0.7%, as Obama, in his
latest pitch for health-care legislation, was taking insurance companies
to task over premium increases.

McDonald’s kept the decline in check, jumped 2.2% after the fast-food
chain reported its global same-store sales rose 4.8% in February, more
than analysts were expecting.

 

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