U.S. stocks closed mixed on Thursday, with the health care sector posting strong gains.
The Dow Jones industrial average closed about 10 points lower, with Goldman Sachs contributing the most losses and UnitedHealth the most gains.
The S&P 500 ended just below breakeven, with health care rising more than 1 percent to lead advancers. The Health Care Select Sector ETF (XLV) hit an intraday record earlier in the session. However, financials dropped 0.6 percent as the big banks got ready for the release of their latest stress test results.
The Nasdaq composite rose just 0.04 percent but notched a two-day winning streak on the back of health care's performance.
Health care stocks have been on a tear this week as investors braced for the unveiling of the Senate's health care bill, with aims at repealing and replacing Obamacare.
The bill would continue to offer reimbursements to health insurance companies for subsidies for at least two years. It would also do away with current Obamacare taxes and would phase out Medicaid's expansion program. The Senate is expected to vote on the bill next week.
"At this point, it looks like [the vote] will have the same intrigue as the house vote," said Bill Northey, chief investment officer at the Private Client Group at U.S. Bank. He also said health care stocks may be benefiting from a sector rotation from technology into other spaces.