U.S. stocks gained, erasing an early decline, as drugmakers rallied after the House of Representatives passed an overhaul of the industry.
Merck & Co. and Pfizer Inc. climbed more than 1.7 percent to help lead health-care companies to the biggest gain among 10 groups in the Standard & Poor's 500 Index after the House approved legislation that will ensure tens of millions of uninsured Americans will get medical coverage. Boeing Co. advanced more than 2 percent to lead gains in the Dow Jones Industrial Average on analyst upgrades.
"The health-care legislation approval removes the uncertainty," said Richard Sichel, chief investment officer at the Philadelphia Trust Co., which manages $1.4 billion. "On top of that, the shares had been beaten down, so you can find reasonably valued companies."
OBAMA WON THE ELECTION - AWESOME. SO NOW ITS MY DUTY TO WATCH THE NEWS ON OBAMA, COLLECT IT AND PASS IT ON TO YOU. WE NEED TO MAKE SURE HE KEEPS HIS WORD AND LIVES UP TO HIS IDEALS AND PROMISES.
Monday, March 22, 2010
The market likes the bill (so far)
http://www.politico.com/blogs/glennthrush/0310/The_market_likes_the_bill_so_far.html
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