Wall Street slips with healthcare stocks, Nasdaq flat

Wall Street
Wall Street

US stocks slipped on Thursday pressured by healthcare shares as traders cashed in gains from one of the best performing sectors so far this year.

Proposals in President Donald Trump’s budget signalled higher regulatory costs for the sector and a cut in federal funding for medical research. Though still a ways away from becoming a reality, they gave traders a reason to sell.

The Dow Jones Industrial Average fell 15.55 points, or 0.07 percent, to close at 20,934.55, the S&P 500 lost 3.88 points, or 0.16 percent, to 2,381.38 and the Nasdaq Composite added 0.71 point, or 0.01 percent, to 5,900.76.

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