Closing Bell: Biotechs Rally on Trump Pledge to Cut Regulations; U.S. Stocks Mixed

Division over recent executive actions from the White House continued to make market waves. The Dow Jones Industrial Average has fallen more than 1% over the final two days of the month on political unrest. Biotechs rallied after President Trump pledged to slash regulations in a meeting with industry leaders. Trump also said he wants to target drug prices and bring drug manufacturing back to the U.S. Under Armour (UA) - Get Report was one of the worst performers after offering weak guidance for the full year. The athletic apparel retailer also reported its slowest sales growth in eight years over its recent quarter. Sprint (S) - Get Report reported a wider-than-expected loss over its third quarter. Its loss was three times wider than the same period a year earlier. In positive news, the telecom added enough postpaid phone customers to reach its highest level in four years.