The report, which J&J has disputed, sent the company's shares tumbling 8.31 percent in heavy volume. The stock was easily the biggest drag on the S&P 500 and the Dow Industrials. The pharma major also pulled down the S&P healthcare index 2.78 percent, making it the biggest decliner among the 11 major sectors. The technology index, which includes a number of companies with global operations, especially China, dropped 1.74 percent. Apple Inc fell 2.45 percent, with some reports citing a top analyst slashing iPhone sales estimate for the decline.

Source: New York Times December 14, 2018 13:03 UTC