U.S.
stocks retreated after the Nasdaq Composite Index climbed above 5,000
for the first time in 15 years, as health-care and technology companies
slid.
Health-care
companies in the Standard & Poor’s 500 Index lost 0.9 percent,
after reaching an all-time high Monday. Alibaba Group Holding Ltd. fell
to the lowest since it began trading in September.
The
S&P 500 declined 0.5 percent to 2,107.80 at 4 p.m. in New York,
after closing at a record Monday. The Nasdaq Composite fell 0.6 percent.
The
S&P 500 rose to fresh records four times in February, while the Dow
Jones Industrial Average climbed 5.6 percent for its best month since
January 2013. The index also topped its record from December for the
first time in 2015.
Source: Bloomberg
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