Health-care companies fell, but not by as much as the broad market, as traders sought out defensive sectors in light of recession fears.
Federal Reserve Chairman Jerome Powell said the window to achieve a soft landing, and avert recession while bringing inflation under control, has narrowed.
Drug-store chains CVS Health and Walgreens Boots Alliance agreed to pay more than $10 billion in a landmark settlement to resolve opioid-crisis lawsuits brought by states, cities and other governments.
Humana shares rose after the health insurer said increases in Medicare members and premiums boosted quarterly profit.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-02-22 1716ET
