US stocks open broadly lower

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NEW YORK (AP) - Stocks are opening slightly lower on Wall Street as markets have a tempered reaction to the victory of Donald Trump in the U.S. presidential election.

Markets had been jittery over the prospect of a Trump administration in recent weeks, but the declines in early trading on Wall Street Wednesday were modest.

Health care stocks bucked the downward trend and were broadly higher, led by drugmakers. Investors had feared Hillary Clinton would implement curbs on drug pricing increases that could hurt drugmakers and biotechnology companies.

Pfizer jumped 9 percent, the biggest gain in the Dow Jones industrial average.

The Dow was down 64 points, or 0.4 percent, to 18,268. The Standard & Poor's 500 index lost 11 points, or 0.5 percent, to 2,128. The Nasdaq composite lost 38 points, or 0.8 percent, to 5,153.

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