Beyong Earnings Report
Stocks in the US however rose as investors looked beyond earnings report, at the future of healthcare as citizens of Massachusetts waited to vote for a new Senate who would be in a better position to help block the health-care bill. This took healthcare company stocks to rally.
Mark Bronzo, a money manager in Irvington, New York, at Security Global Investors, said: "Money is finding its way out of Treasuries and into the stock market. Investors are expecting good earnings, especially from technology companies. In addition to that, health-care stocks are rallying because a Republican victory in Massachusetts might change the debate.”
Dow Jones closed 115; points higher at 10,725. The S&P 500 index added 14 at 1,150 and Nasdaq Composite gained 32 at 2,320.
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