Header Ads

Health care stocks surge after Sen. McCain withdra


ws support for GOP bill٢٢ سبتمبر، ٢٠١٧، ١٠:٥٣ مGANNETT Syndication Service / CNBC



U.S. stocks came off session lows Friday as health care stocks recovered most of their losses.

Health care stocks, which were one of the worst performers in the S&P 500 earlier in the day, climbed more than half a percent from session lows to attempt slight gains. Top gainers included Centene, HCA Healthcare and Universal Health Services.

The move in biotech and pharmaceutical stocks came after Sen. John McCain, R-Ariz., on Friday said he "cannot in good conscience vote for the Graham Cassidy proposal.

McCain is one of four Republican senators who are undecided on the GOP healthcare overhaul, and his opposition dealt the bill's chances a significant blow.

The Dow Jones industrial average came off earlier lows, falling 32 points, with Apple continuing to add to its weekly decline. The company is on track for its worst week since April 2016.

The S&P 500 fell 0.05%, with health care and energy moving higher. Centene turned positive on the day and is the biggest gainer in the Health Care Sector, on pace for its best day since Sep. 13 when it gained 8%.

No comments

Singapore central bank warns against investing in cryptocurrencies

Singapore central bank warns against investing in cryptocurrencies Reuters: Top News SINGAPORE (Reuters) - Singapore's central bank issu...