Tuesday, 12 January 2016

Dow, S&P 500 end up in late turnaround

The Dow and S&P 500 ended a volatile session up slightly on Monday in a late turnaround, but a drop in biotechs and energy shares kept a lid on the market.

 The start of earnings season added to investor nervousness. The Nasdaq ended lower, led by a drop in biotech company Celgene, which fell 5.5 percent to USD 103.03 following a disappointing profit forecast. 

The Nasdaq Biotech index fell 3.4 percent in its eighth straight down day.

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