Arrow-right Camera
The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
Partly Cloudy Night 22° Partly Cloudy
News >  Business

U.S. stocks end mixed, mostly lower

Marley Jay Associated Press

NEW YORK – U.S. stocks ended mixed and mostly lower, led by a steep decline in drug company shares.

Major international markets also fell Tuesday, dragged down by a weak economic forecast from the Bank of Japan.

Comments from beleaguered Valeant Pharmaceuticals raised investor concerns that it will become more difficult for drug companies to hike prices, and shares across the sector plunged.

Materials companies also fell, led by a 7 percent decline for miner Freeport McMoRan.

An encouraging iPhone sales forecast sent Apple shares higher, which helped push the Dow Jones industrial average to a small gain.

The Dow rose 22 points, or 0.1 percent, to 17,251. The Standard & Poor’s 500 index fell 3 points, or 0.2 percent, to 2,015. The Nasdaq composite fell 21 points, or 0.5 percent, to 4,728.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Active Person

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.