Wall Street rises as Syria fears ease; healthcare stocks jump [Reuters]
ACACIA COMMUNICATIONS (ACIA)
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Source: Reuters
Wall Street rises as Syria fears ease; healthcare stocks jump | Reuters 4 Min Read (Reuters) - U.S. stocks rose on Monday on waning fears that the weekend’s U.S.-led missile attack on Syria would escalate into a broader conflict and a rise in healthcare shares after Merck’s positive update on a cancer drug. Saturday’s strikes marked the biggest intervention by Western countries against Syrian President Bashar al-Assad and his ally Russia, which is facing further economic sanctions over its role in the conflict. “The action was well-received ... and that’s giving a chance for investors to focus on macro news and earnings,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “It’s not going to be a negative unless it turns into a bigger conflict. It’s going to be a day where the market is going to attempt to move a bit higher.” Healthcare stocks .SPXHC rose 0.76 percent on the S&P 500, driven by Merck’s ( MRK.N ) 3.2 percent rise following positive d
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