The pandemic has led to more than $150 billion in sales from new Covid-19 products, including vaccines.Soaring interest rates and a shaky economic outlook have hit stock prices this year. Health stocks are holding up better than most.
The S&P 500’s healthcare sector index is down 7.9% in 2022, on pace for its worst year since 2008. Yet it is still outperforming the broader market by 14 percentage points, the widest gap since 2000, according to Dow Jones Market Data. Only the energy and utilities sectors have fared better.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
......until the lawsuits start to come in.....
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Midterms could be a positive catalyst for stocks as investors await next big inflation reportThere are two big hurdles for markets in the week ahead - another potentially hot consumer inflation report and the Congressional midterm elections. Right now DEMs have no serious Presidential candidate for 24. The GOP have 3. World on the brink of war and Biden has shown he wont stand up to Russia Iran nor N Korea by committing forces Democrats Bad , inflation Bad, Socialism Worse!!!
Source: CNBC - 🏆 12. / 72 Read more »
U.S. stocks open down, extend losses after Fed rate hike as investors weigh labor-market dataU.S. stocks opened lower Thursday, extending losses after the Federal Reserve's jumbo interest rate hike as investors weigh labor-market data. The Dow Jones...
Source: MarketWatch - 🏆 3. / 97 Read more »