The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
* Yields on 10-yr U.S. Treasury fall further
* Alphabet, Amazon slip on regulatory scrutiny
* U.S. manufacturing activity unexpectedly slows last month
* Amgen, Merck among boosts to healthcare sector
* Dow up 0.34%, S&P gains 0.28%, Nasdaq down 0.40%
* Dow up 0.34%, S&P gains 0.28%, Nasdaq down 0.40% (Adds quote, updates prices)
June 3 (Reuters) - The S&P 500 and Dow Jones industrials ticked higher on Monday, propped up by healthcare stocks, but steep losses in shares of internet giants Alphabet and Amazon on fears of regulatory risks limited advances and kept the tech-heavy Nasdaq in the red.
Alphabet Inc tumbled 6.4% after sources told Reuters the U.S. Justice Department is preparing an investigation of the Google-parent to determine whether the company broke antitrust laws in operating its online businesses.
Amazon.com dropped 3.2% after a report that the e-commerce giant could face heightened antitrust scrutiny under a new agreement between U.S. regulators.
"People are just worried that these companies could be impacted by government regulations," said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York.
"The concerns that the government is going to get involved and possibly break these companies up or impose fines on their operations is a major concern here."
Their declines weighed on the communication services and the consumer discretionary sectors.
The latest ISM survey showed U.S. manufacturing growth unexpectedly slowed in May to its weakest pace in more than two-and-a-half years. This adds to weak factory activity surveys from Asia and the eurozone earlier in the day.
The ISM data along with trade uncertainty sent investors fleeing for safety in bonds, which pushed yields on U.S. two-year notes to their biggest two-day fall since 2008, reflecting growing conviction that the Federal Reserve will start cutting interest rates to stave off a recession.
Offering some respite, Mexican officials said the country could reach an agreement with the U.S. to resolve a dispute over migration that prompted President Donald Trump to threaten duties last week, which resulted in Wall Street's main indexes ending May 6% lower.
At 10:56 a.m. ET the Dow Jones Industrial Average was up 83.48 points, or 0.34%, at 24,898.52; the S&P 500 was up 7.66 points, or 0.28%, at 2,759.72; and the Nasdaq Composite was down 29.91 points, or 0.40%, at 7,423.24.
Healthcare stocks, the worst performing sector this year, rose 0.99%, helped by positive drug data from a handful of companies including Amgen Inc and Merck & Co.
Amgen jumped 5.4% after its drug showed a high response rate in a small lung and colon cancer trial, while Merck rose 2.0% after data showed nearly a quarter of patients who received immunotherapy Keytruda as an initial treatment for advanced lung cancer were still alive after five years.
Humana gained 3.6% after saying it would not make a bid to combine with health insurer Centene Corp, which plunged 9.1%.
Boeing Co, the single largest U.S. exporter to China, fell 1.7% and was the biggest drag on the blue chip Dow index.
Advancing issues outnumbered decliners by a 2.69-to-1 ratio on the NYSE and by a 1.57-to-1 ratio on the Nasdaq.
The S&P index recorded seven new 52-week highs and 15 new lows, while the Nasdaq posted 16 new highs and 92 new lows. (Reporting by Medha Singh and Amy Caren Daniel in Bengaluru Editing by Bernard Orr)