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Stocks slip amid US-Iran standoff

The S&P 500 and the Dow Jones Industrial Average slipped on Tuesday, led by losses in oil and healthcare stocks, with investors nervously awaiting the latest in the US-Iran standoff.
 
The tech-heavy Nasdaq remained buoyant as chipmakers resumed their strong rally from 2019.
 
Energy stocks were down one per cent as oil prices surrendered gains made over the last few days, and healthcare stocks fell 0.3% as shares in Merck & Co Inc were hit by mixed results in its late-stage trial of a cancer drug.
 
Equity markets have been trying to shake off concerns from escalating tensions between Washington and Tehran after the killing of top Iranian military commander Qasem Soleimani's last week by the United States.


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