JPMorgan Healthcare, CES Show: Action Plan

Big Benchmarks Slip as Dow and Nasdaq Post Weekly Decline

The first week of the new year saw the big benchmarks, the Dow and Nasdaq, experiencing their first weekly decline since October. The Dow took a minor hit, trimming less than 1%, while the Nasdaq faced a more significant setback of 3%. Among the industries that were hit hardest were solar stocks and auto retailers, while the chip sector also faltered. However, the pharmaceutical industry had a good week, with Merck leading the Dow with a 7% gain, while Intel tumbled 6%.