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Posted on: April 29, 2016, 8:05 p.m.
Shares of Gilead Sciences fell 8.4 percent to $88.86 after a drop in quarterly profit, making it the biggest drag on the S&P and the Nasdaq. Apple was down 1.5 percent at $93.38 a day after billionaire investor Carl Icahn told CNBC he no longer has a position in the company. Adding to the day's selling pressure, inflation data clouded the path of future rate hikes by the Federal Reserve. Full investment news article