Health care leads market higher after Biden's strong showing on Super Tuesday

[peoli]

Health-care stocks led equity markets higher on Wednesday after former Vice President Joe Biden’s strong showing in Super Tuesday voting. Biden is viewed on Wall Street as a far more middle-of-the-road candidate who may not crack down on biotech and pharmaceutical companies to the same extent Sens. Elizabeth Warren or Bernie Sanders would. For his part, Biden has argued that those in support of “Medicare for All” are attempting to undermine the Affordable Care Act, which he supports with some tweaks. UnitedHealth, one of the largest health insurance companies in the world, rallied 8.8% in midday trading. Humana rose 12.8%, Centene rose 11.8% and Cigna rose 9.2%. — Franck

11:28 am: Health care providers ETF tracking for best day in more than a decade
Health Care Providers ETF (IHF) is up 7% and on pace for its best day since Oct 13, 2008, as the broader health care sector leads markets higher. Leaders within the fund include Anthem and Humana which are each up more than 13%, as well as Molina and Centene which are up 11% and 12%, respectively. – Francolla, Stevens

******Wall Street loves Joe Biden*****

[dware]

1. Sounds like sour grapes for the Bernie supporters. nt

[peoli]

2. Sounds like nothing will change on wall street with Biden

[Luciferous]

5. Exactly.

[dware]

7. It MAY sound like that,

but you don't know that.

[Luciferous]

3. I don't see that as a good thing...

[peoli]

4. It isn't

[IronLionZion]

6. That's what they think, but we'll show them

Dems need to win the Senate too. Bernie and Liz can write and pass some good pharma regulations for President Joe to sign into law. It would be an excellent way for all 3 of them to fight the good fight together and retire with a lasting legacy of improving on what Obama started.

[AGeddy]

8. "Only Bernie can crash the markets!" is an interesting campaign slogan

[BurgherHoldtheLies]

9. ROTFL

[AGeddy]

11. M4A has 10 votes in the US Senate, tops. You wouldn't get it with Bernie as President either.

With Biden, you'll get a public option added to the ACA - which will be the next step toward universal care.

Progress will be made to the ultimate goal under Biden. Bernie would get absolutely NOWHERE, because the man is utterly incapable of forming majority coalitions to get things done.

[George II]

12. LOTS of stocks went up across the board, it wasn't just cherry-picked companies in one industry...

....it was a huge increase.

As for your last statement, as we saw last night and Saturday, AMERICANS love Joe Biden. Americans of all types, economic status, races, ages, religions, etc.

Biden got about a million more votes last night than Sanders. That says something.