Stocks Drop Under Drug Sector's Weight
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U.S. stocks fell on Friday, hurt by a  slew of negative reports from top drug makers and oil prices  climbing by $2 a barrel.
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US stocks fell as setbacks for drugmakers, including a study showing Pfizer Inc.&#39;s Celebrex painkiller increased the risk of heart attacks, sent health-care shares tumbling.
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U.S. stocks fell on Tuesday as New  York Attorney General Eliot Spitzer's probe of the insurance  industry widened to the health sector, hammering shares of  health insurers.
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U.S. stocks fell on Friday hurt by a  string of negative reports from top drug makers and as oil  prices climbed nearly $2 a barrel.
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Stocks fell on Monday as investors fretted about the U.S. economy's health and fears about a global slowdown mounted.
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Stocks inched lower on Friday,  pressured by a sharp drop in Pfizer Inc. PFE.N after the drug  maker said patients in a study showed an increased risk of  heart attacks after taking its popular Celebrex drug.
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US stocks cut some losses late Friday afternoon as investors did some bargain hunting for drug stocks, which were beaten down to relatively cheap prices after a slew of negative reports earlier in the day.
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Foreign drug stocks were in the spotlight Thursday with Food and Drug Administration news pulling the sector down. AstraZeneca PLC took a drubbing on the eve of its FDA advisory panel meeting for its orally
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US STOCKS were knocked lower yesterday as investors worried that rising prices for oil and commodities would dent corporate profits, while drug shares fell on possible stricter scrutiny from regulators.
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U.S. stocks edged lower on Wednesday after weaker-than-expected data on the U.S. services sector added to concerns about the state of the economy and pushed the Dow back from Tuesday's record high.
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Biotechnology stocks moved lower Friday as Genentech Inc. and OSI Pharmaceuticals lost value despite an earlier-than-expected approval of their lung cancer drug Tarceva.
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Stocks declined on Friday as the heavily weighted financial sector slumped on worries that two hedge funds' losses on risky mortgage securities might not be contained.
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NEW YORK, Nov. 11 -- The 40 percent share price slide in Merck &#38; Co. in the five weeks after it pulled the painkiller Vioxx off the market highlighted larger problems in the pharmaceutical industry that may depress performance for years, according to academics and stock analysts who follow the sector.
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Japanese stocks fell Friday morning amid worries about a slowdown in the U.S. economy, Japan's biggest export market. Exporters and pharmaceutical firms led the decline.
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European equity markets fell on Monday as weakness in financial and mining stocks offset strength in drugmakers.
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US stocks fell on Friday, hurt by a slew of negative reports from top drug makers and oil prices climbing by $2 a barrel. Pfizer Inc.
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Investors are wary of putting money  into beaten-down generic-drug stocks amid continued fears of  price competition in the sector and new obstacles from  brand-name drug makers.