Originally published at: SICK OF SANDERS: Health Stocks Soar, Post Major Gains After Bernie’s Super Tuesday Bust | Sean Hannity
The stock prices of major healthcare companies surged Wednesday following Bernie Sanders’ Super Tuesday disaster; adding hundreds of points to the Dow Jones, Nasdaq, and S&P 500.
“U.S. equity markets surged at Wednesday’s opening bell after former Vice President Joe Biden’s strong showing on Super Tuesday lifted health care stocks,” reports Fox Business. “The early gains have the major averages on track to win back a majority of the losses they suffered a day earlier despite the Federal Reserve’s emergency rate cut to insulate the U.S. economy from the new coronavirus.”
“Health care stocks, led by the insurers, soared in response to Biden’s big night. The names had been badly beaten down, underperforming the S&P 500, as Sanders, who is an advocate of Medicare-for-all, climbed in the polls. UnitedHealth Group, which was up close to 10 percent, adds 6.78 points with every gain of $1,” adds the website.
This is a developing story. Check back for updates.
Source: Fox Business
