Healthcare Sector Offers Wall Street Some Holiday Cheer!
By Todd Genger
On Thursday, with the help of some activity in the healthcare sector, Wall Street managed to get some relief from the 3-day financial turbulence that preceded last Thursday’s trading.
With the Pfizer, Merck, and Johnson & Johnson leading the way up the charts, the stock market on Thursday displayed improving health. As a result, the U.S. stock market showed vital signs of life that can bode well for a late year rally.
Pfizer Inc. rose 1.4 percent to $21.32 with 19,981,600 shares traded. Johnson & Johnson rose 82 cents (1.3%) to $64 on approximately 9.5 million shares traded, shares todd genger. In recent weeks, Eli Lilly, Sanofi and Merck have also outperformed the broader market.
Along with the stability in the healthcare segment, economic reports showed a fall in new jobless claims and a solid increase in manufacturing in various regions of the U.S. Together the news jumpstarted Wall Street, leading experts predicted further growth in the market across other sectors in the coming days.