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The Morgan Stanley Healthcare Payors Index is having its best day in three and a half years.
Stocks accelerated their selloff in the final minutes of trading to close down more than 1 percent across the board Monday, as initial euphoria over Spain's bank bailout fizzled and amid ongoing fears over a global economic slowdown.
Is it enough? The 100 billion euros ($125 billion) the European Union is lending to Spain for bank recapitalization was dismissed almost immediately because it didn't involve: 1) writedowns; and 2) a massive restructuring of the Spanish economy. This buys some more time, but everyone is looking for what form the ultimate solution will take.
U.S. stock index futures were higher Monday but off their best levels as questions began to form over whether Spain's bank aid would really help put an end to the debt crisis.
U.S. futures were dropping all through the early morning as European manufacturing numbers were weak. Italian and Spanish PMI were both below 50, showing continuing contraction. Even Germany came in at 46.2, a tad below expectations and firmly in contraction territory.
The Morgan Stanley Healthcare Payors Index is having its worst day in eight months on news Ohio will not renew contracts to four current Medicaid providers.
Health care stocks spent much of 2012 inching higher, and are currently the sixth best performing sector in the S&P 500, up 7 percent.
Santorum’s still a long way off from the presidency. But with the New Hampshire primary coming next week, we thought it would be useful to explore how a Santorum presidency might impact investors.
Amerigroup will release second-quarter figures on Friday before the bell. In the past 8 quarters, the company's shares rose 2.34 percent, on average, thirteen days after the company reported its quarterly results.
The S&P 600 Small-Cap Index closed at an all-time high on Thursday, while the S&P 400 Mid-Cap Index came within points of reaching record levels.
S&P futures moved up 7 points as April nonfarm payrolls added 244,000 jobs, well above expectations. Silver is down another 8 percent this morning. Precious metals and to some extent other commodities have been driven by a weak dollar, rising inflation, low interest rates, and the higher liquidity provided by QE2, which is now ending. Here's the problem...
Stocks pared losses in the last few minutes of the session to end higher capping a stellar week for the markets marked by Republican gains in Congress, the Fed's decision to pump more money into the economy, and a surprising strong jobs report. Alcoa and JPMorgan rose.
Stocks pared losses but remained mixed in the last minutes of Friday's session as stronger-than-expected U.S. job gains in October failed to continue a rally that led stocks to two-year highs on Thursday. Kraft and Merck fell, Alcoa rose.
Stocks were mixed and the dollar rose a day after the markets surged to two-year highs, as investors absorbed the meaning of a surprising surge in payrolls in the wake of the Federal Reserve plans to pump more money into the economy. Kraft fell, BofA surged.
Wall Street has done a bit of an about-face on health care reform in the past few weeks—while the Street for the most part is strongly opposed to the bill, analysts are increasingly pointing out potential positives in addition to negatives.
Weak corporate outlooks and discouraging economic data weighed on futures this morning. Weekly jobless claims also came in higher than expected, dampening hopes for better job growth in February. Meanwhile, the Dollar Index continues to climb on the heels of the hotter inflation number. It now sits at its highest levels since July.
Stocks ended mixed Wednesday as a post-Fed rally fizzled. Stocks had opened higher as investors cheered some encouraging readings on the economy, then swung in about a 50 point range after the Fed's statement, before finishing narrowly mixed.
100 days have now passed since President Obama signed the $787 billion economic stimulus bill into law. Signed less than a month into his administration, the stimulus package provides notable investments into infrastructure/construction, renewable fuels/alternative energy, farming/agriculture, and healthcare.
Stocks closed sharply higher as bargain hunters rushed back into the market to scoop up beaten-down shares.
Although the health care industry is not immune to a sluggish economy, the sector presents some attractive opportunities, said Carl McDonald, a senior analyst at Oppenheimer & Co.