Dow Jones Newswires
March 22, 2010

  • A d v e r t i s e m e n t
  • {openx:49}

Health-care stocks led the stock market higher Monday after the U.S. House Sunday approved a historic health-care overhaul designed to bring health insurance to 32 million more Americas while subjecting U.S. industries to a dramatically redrawn and newly regulated marketplace.

MARKET ACTION: U.S. stocks gained broadly, led by a surge in health-care stocks.

The Dow’s pharmaceutical components strengthened, as drug makers are expected to profit from the expansion of health-care coverage. Merck rose 2.3%, while Pfizer climbed 1.5%.

Hospital operator Tenet Healthcare rose 6.1%, while insurer Cigna gained 1.9% and Express Scripts, a pharmacy benefit manager, rose 2.1%. Pharmaceutical companies also climbed, with Eli Lilly up 1.3% and Bristol-Myers Squibb up 0.6%.

Read entire article

Fight against the globalists with one of nature's greatest essentials. Survival Shield X-2 is now back in stock at 60% off!

Related Articles