Stocks hit fresh 15 mth highs on healthcare & techs gains
Stocks traded to new highs led by a rally in healthcare as investors bet that Obama’s healthcare reforms, which is likely to hurt profits of insurers and drug companies, would stall due to the potential loss of a Democrats’ seat in the state of Massechusetts. Techs were also higher, in anticipation of better earnings from IBM after the bell.
DJIA +115.78pts (1.09%) at 10725.43
S&P +14.20pts (1.25%) at 1150.23
Nasdaq +32.41pts (1.42%) at 2320.40
