Closing Bell: Citi Dumps SeaWorld; U.S. Stocks Churn as Health Care Falls

Stocks churn around the flatline to end the week as a selloff in health care counters gains seen elsewhere.

Author:: Keris Alison Lahiff
Publish date:: Mar 17, 2017 4:21 PM EDT

Stocks churned around the flatline to end the week with minor losses as a selloff in health care countered gains seen elsewhere. Drugmakers including Amgen (AMGN) - Get Report and Bristol-Myers Squibb (BMY) - Get Report were among the worst performers on Wall Street. Crude ended the day little changed even on more data of ballooning domestic production. The number of active oil rigs in the U.S. climbed by 14 in the past week, its ninth weekly gain in a row. Valeant Pharmaceuticals (VRX) fluctuated after ValueAct Capital increased its stake to just over 5%. The increase comes days after activist investor Bill Ackman and his company Pershing Square closed out their stake. SeaWorld (SEAS) - Get Report fell after Citi analysts downgraded their rating to SELL. The firm said it sees increasing competition from Universal and that market estimates for earnings appear too high.