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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Tom Lee raises S&P 500 target, says market will rally more than 6% in year's final monthsNew for subscribers: Tom Lee raises S&P 500 target, says market will rally more than 6% in year's final months. Check out CNBCPro today. Pro Moar Pro Bring it on! Realize we’re up on the year, but it’s been a very frustrating tape. We could use some momentum 👍 Pro 😂🤣😆☺️😂ya & the $30+ trillion debt that’s due on 3 Dec? The great wonderous pundit isn’t factoring that? They don’t put measures in place it’ll balloon. They don’t pay it it’s default. They pay it down then austere measures. What planet is he on? What crystal ball is he using?
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