Wall Street down for second day after rally; healthcare gains
Source: Reuters
BY SINEAD CAREW NEW YORK
(Reuters) - U.S. stocks closed down on Wednesday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week.
Healthcare stocks were the only bright spot in the market after a U.S. Supreme Court hearing and a cancer drug approval.
Equities had surged in February and both the Dow and S&P hit record highs on Monday, when the Nasdaq surpassed the 5,000 level for the first time in 15 years.
"We would not read anything into today's pullback. The market had a terrific February," said David Katz, chief investment officer at Matrix Asset Advisors, in New York. "We suggest buying into any weakness."
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Read more: http://www.reuters.com/article/2015/03/04/us-markets-stocks-idUSKBN0M01B220150304
