Arab Today, arab today us stocks drop hospitals surge on proobamacare court ruling
Last Updated : GMT 08:39:35
Arab Today, arab today
Arab Today, arab today

US stocks drop, hospitals surge on pro-Obamacare court ruling

Arab Today, arab today

Arab Today, arab today US stocks drop, hospitals surge on pro-Obamacare court ruling

US stocks
New York - AFP

Health stocks soared Thursday after the Supreme Court upheld a key provision of President Barack Obama's health care reform, but the broader market fell on worries of a Greek default.

The Dow Jones Industrial Average dropped 75.71 (0.42 percent) to 17,890.36.

The broad-based S&P 500 fell 6.27 (0.30 percent) to 2,102.31, while the tech-rich Nasdaq Composite Index lost 10.22 (0.20 percent) at 5,112.19.

Hospital stocks like HCA Holdings (+8.8 percent) and Tenet Healthcare (+12.2 percent) benefited from the Supreme Court ruling that the federal government has authority to subsidize health insurance by giving tax credits to consumers nationwide.

The provision is a key tenet of the Obama plan, guaranteeing insurance coverage to millions of Americans.

But Greece and its international creditors again failed to break the deadlock in emergency talks, again raising the prospect of a messy Greek debt default at the end of the month.

Health insurers also rose, not only due to the Supreme Court ruling on the Obama plan, but on reports of likely consolidation in the sector.

Health insurer Humana jumped 7.1 percent following a Bloomberg report that it could reach a deal as soon as this weekend to be acquired by industry giant Aetna, which gained 4.0 percent. Anthem and Cigna, which have been seen as possible merger partners in the insurance sector, rose 1.4 percent and 2.4 percent.

IAC/InterActiveCorp jumped 5.1 percent after announcing plans for an inital public offering of The Match Group, which encompasses five online dating programs. The company also said it had promoted Joey Levin, formerly head of search and applications, to chief executive.

Drug company Eli Lilly bolted 3.1 percent higher following a victory in a British patent case that protects the exclusivity of its Alimta vitamin regimen used in cancer treatment.

Bond prices fell. The yield on the 10-year US Treasury rose to 2.40 percent from 2.37 percent Wednesday, while the 30-year advanced to 3.17 percent from 3.15 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks drop hospitals surge on proobamacare court ruling Arab Today, arab today us stocks drop hospitals surge on proobamacare court ruling

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks drop hospitals surge on proobamacare court ruling Arab Today, arab today us stocks drop hospitals surge on proobamacare court ruling

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday