US STOCKS-Wall St recovers ground as Sanders gives health insurers a boost [Reuters]
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Source: Reuters
US STOCKS-Wall St recovers ground as Sanders gives health insurers a boost * Insurers jump after Bernie Sanders halts campaign * Energy leads gains among major S&P 500 sectors * Indexes up: Dow 2.04%, S&P 2.01%, Nasdaq 1.69% By Uday Sampath Kumar and Shreyashi Sanyal April 8 (Reuters) - U.S. stock markets rose on Wednesday on hopes the coronavirus outbreak in the United States was close to its peak, with health insurers boosted by Democratic presidential candidate Bernie Sanders suspending his campaign. After the worst March for decades, the past two weeks has seen Wall Street’s main markets recover some poise, although its main indicator of future volatility remains historically high. UnitedHealth Group Inc, Anthem and Cigna jumped between 5.5% and 8%, as the healthcare index provided one of the biggest boosts among the 11 major S&P 500 sectors. Sanders’ embrace of a Medicare for all healthcare policy would have essentially abolished private insurance and had cast a shadow on healthc
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