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.
In the past three months, the tide in financials has turned. The sector, which posted an 18 percent loss in 2011, has been consistently up each month this year.
Last year, NYSE total volume was lowest in December and May—the latter month being when all three major indices were at their highs. Could this signal a trend—large gains when volume is low?