The S&P's healthcare index rallied for a second day in a row with help from Anthem and AbbottThe S&P had fallen almost 6% below its record by Oct. 4 as investors worried about supply chain problems, profit margin pressures, higher wages and increasing input costs ahead of the earnings season, which kicked off last week.
"Earnings are what matter and thus far what we've seen have actually been better than expected. Margins are actually holding up, said Janasiewicz.
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