NEW YORK (AP) — U.S. stocks are skidding Thursday and giving up most of their gains from the last two days. EpiPen maker Mylan and other drug companies face scrutiny over increases in product prices. Banks are falling as bond yields decrease, and interest rates go with them. High-dividend stocks like utilities and real estate companies are also slumping.
HONG KONG (AP) — Energy companies led a rally in Asian stock markets Thursday as investors welcomed news that OPEC nations planned to cut oil production for the first time in eight years in an effort to reduce a global glut.