NEW YORK (AP) — U.S. stocks slumped on Monday as investors looked ahead to a flood of earnings reports this week.
Stocks appeared headed for new highs in the morning, but drifted lower in afternoon as health care companies dropped sharply. Mylan, a maker of generic drugs, slumped nearly 6 percent. It was a downbeat note after strong gains last week, capped by a new record in the Nasdaq composite, 15 years after its dot-com era peak.
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