Morning Report 22 Feb 19: US stocks retreat on weak economic news

US sharemarkets were weaker on Thursday. Shares in Johnson
& Johnson fell by 1.2%. Reuters reported that the healthcare giant
"said it received subpoenas from US regulators related to litigation
involving alleged asbestos contamination in its signature Baby
Powder product line." With an hour of trade to go the Dow Jones
index was down by 180 points or 0.7%. The S&P500 index was
down by 0.7%. And the Nasdaq index was lower by 50 points or
0.7%.

 

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