Major indexes continued a downward streak as the arrest in Canada of a top Chinese tech executive exacerbated trade war fears and both oil and bond yields fell on concerns about global growth.
The S&P 500 was down 1.7% to 2,653.76.
The Dow Jones declined 1.9% to 24,557.24.
The Nasdaq fell 1% to 7,089.79.
The yield on a 10-year Treasury bond dropped 2% to 2.86%.
The price of gold increased 0.2% to $1,244.
Healthcare
Irvine-based Edwards Lifesciences Corp. (NYSE: EW) was up 2% to $160.44 and a $33 billion market cap. Shares rallied higher following the heart valve and critical care device maker’s annual investor conference yesterday. It reaffirmed October 2018 financial guidance and announced projected 2019 global sales of $3.9 billion to $4.3 billion, underlying growth of 9% to 12%.
Irvine-based senior housing real estate investment trust Sabra Health Care REIT Inc. (Nasdaq: SBRA) gained 1.3% to $19.04 and a $3.4 billion market cap. It announced yesterday it has entered into an agreement to sell 36 skilled nursing facilities and two senior housing communities for $385 million.
