The fall followed the news that Amazon, JPMorgan Chase and Berkshire Hathaway would create a new healthcare company with the aim of lowering health costs for their USA employees.
They were the worst performers in the S&P 500 previous year and led the index lower today, each falling around 1 percent.
The Dow Jones industrial average dropped 241 points and briefly fell 352 points, with UnitedHealth as the biggest decliner. The Federal Reserve's two-day meeting, starting Tuesday, will be watched for comments that could increase the likelihood of interest rates being raised four times this year, instead of three.
Wall Street is rebounding from the worst two-day tumble since President Trump's election. Concerns are starting to enter the market that inflation could be catching up and higher interest rates could pour cold water on the bull run.
The tech-heavy Nasdaq shed 64 points or 0.86% to 7,402.48.
The Dow Jones Industrial Average rose 210 points, or 0.8%, to 26287. Microsoft and Facebook were both up more than 1 percent ahead of their results after the bell.
The CBOE Volatility Index, the most widely followed barometer of expected near-term stock volatility, topped 14 for the first time since December 1. U.S. stocks experienced a spectacular reversal and plummeted overnight, as the United States 10 year treasury yield pushed relentlessly higher.
According to Bespoke Investment Group the S&P 500 could end its record streak without consecutive declines of 0.5 per cent. Japan's Nikkei ended down 0.8% as the yen strengthened against the dollar.
U.S. stock index futures drifted higher late on Tuesday as Trump gave his State of the Union address. Pfizer Inc was down 3.1 percent despite its better-than-expected earnings and upbeat 2018 guidance. They has risen about 2 percent earlier after the company's quarterly results and full-year forecasts beat expectations. Boeing, easily the best Dow stock since the start of 2017, soared 5% after reporting record annual profits.
Advancing issues outnumbered decliners on the NYSE by 1,567 to 1,298.
The index closed down 362.59 points at 26,076.89 in NY, with the broader S&P 500 index falling 31.10 points to 2,822.43.
Spurs arrive in excellent form and have just one defeat in 12 games - that 4-1 defeat to Manchester City back in December. However, they are still in the FA Cup and have a Champions League last-16 clash against Juventus to look forward to.
In 2016, 23 people were murdered when two trains crashed on a solitary track in an olive woods in Puglia, southeastern Italy. Another 10 people were seriously injured when the regional train came off the tracks near Milan on Thursday morning.
Google has plans to bring its audiobooks to other platforms like iOS in the near future, keep your ears open for more details. Over the weekend, a dedicated section for Audiobooks spotted on Google Play, and now the company has made it official.
Overall this week the mild temperatures will continue with more rain chances as we head into the next weekend. This will lead to a wind shift from south to northwest, becoming gusty by early Tuesday afternoon.
As the Santa Fe SUV is the largest model Hyundai now sells, it's important to retain a family-friendly focus with the new model. After issuing a teaser photo of the all-new Hyundai Santa Fe , the brand has now issued official sketches of their latest SUV.
It wouldn't be wrong to say that the speaker houses advanced technology on the inside that not numerous competitors are offering. Basically, it customises the output on a per-song basis to make it sound as close to the recording as it can.
Moyes insisted West Ham could not afford to lose more players, due to the size of a squad which is depleted by injuries. We've worked hard to improve our goalscoring, but maybe at the cost of conceding at the other end.
Hamas - which has controlled the Gaza Strip for more than a decade - had already been on the U.S. terror blacklist since 1997. Haniyeh responded to that announcement with a call for a "comprehensive, popular intifadah" to confront Israel and the US.
He also worked for USA Gymnastics. "Good to see officials in MI taking steps with an investigation led by special prosecutor". Michigan State University Athletic Director Mark Hollis has resigned in the wake of the Larry Nassar sexual abuse scandal.
It is a ransom demand from an administration that has taken the DREAMers hostage as leverage for hateful immigration policy. On Wednesday, Trump said he was open to a pathway to citizenship for the younger immigrants.
Dow, S&P 500 suffer worst one-day fall in five months
The S&P 500 posted 126 new 52-week highs and three new lows; the Nasdaq Composite recorded 153 new highs and 29 new lows. The CBOE Volatility Index, the main gauge to measure fears of a near-term drop, was 12.98, its highest since December 1.
Shopian killings: Army files counter FIR
Army has claimed that they opened fire in "self-defence" after a "mob tried to lynch an officer" during protests. Former CM and National Conference leader Omar Abdullah demanded action against the "erring soldiers".
'Glee' actor Mark Salling found dead at 35
Not much was said as officers from the LAPD moved the body of Mark Salling , 35, from where it was found on January 30. Salling is the second member of the Glee cast to pass away, co-star Cory Monteith died of a drug overdose in 2013.
Jaitley to table Economic Survey, triple talaq bill in focus
As many as 28 bills will be tabled in the Lok Sabha, while 39 bills are listed for the Rajya Sabha for the upcoming session. "In the previous session, we had hoped for the passage of Triple Talaq Bill, so that the Muslim women get their rights".
Solar tariff not a show stopper
Silicon Ranch Corp. owns and operates more than 100 solar facilities across the U.S.in 14 states, generating a total of 450 MW. Instead, they might actually discourage domestic investments in innovation, crucial to an American solar manufacturing revival.
Jaguars' Barry Church fined $25K for hit on Rob Gronkowski
It's likely that the Patriots keep expressing optimism for Gronk's return to the lineup for Super Bowl LII against Philadelphia. So it obviously hurts when he's not out there for a lot of reasons, but he's doing the best he can do and we're all hopeful".
2018 celebrates newest MLB Hall of Fame Inductees
Given those dramatic increases, it looked like Hall of Fame voters were starting to think differently about baseball's PED era. They still have a chance to make a surge next year, because the ballot will not be almost so crowded with strong candidates.