Recent Stock Market Rally Led By Health Care Gains
UnitedHealth, which was one of the drivers of this trend, reported that it expects its earnings to grow in 2017 because of stable medical costs and less exposure to the Affordable Care Act's health care exchanges, among other things.
The Wall Street Journal:
U.S. Stocks Edge Higher, Led By Health-Care Gains
U.S. stocks edged higher Tuesday, as gains in health-care stocks helped offset losses in the energy sector. Stocks have rallied in the weeks since the Nov. 8 presidential election, sending the S&P 500, Dow Jones Industrial Average, Nasdaq Composite and the Russell 2000 index of small-capitalization companies to fresh records. All four indexes declined Monday, stalling the rally. But health-care shares led U.S. stocks higher again Tuesday. (Otani and Gold, 11/29)
The Associated Press:
Stocks Close Higher, Helped By Health Care Companies
Stocks closed slightly higher on Tuesday, boosted by health-care companies like UnitedHealth Group, which helped outweigh steep declines in energy companies. (Sweet, 11/29)