BREAKING NEWS - NY Times
The S&P 500 rose more than 4 percent, bouncing back after a steep drop as investors reacted to Joe Biden’s strong Super Tuesday showing.
Wednesday, March 4, 2020 4:19 PM EST
Health care stocks led the gains on Wednesday, rising more than 5 percent. Shares of insurers like UnitedHealth Group and Anthem Health rose more than 10 percent.
“The strong result by Joe Biden in the Democratic primaries last night are a significant positive development for the market,” Marko Kolanovic, a strategist at JPMorgan Chase wrote in a note to clients. “It likely removes the possibility of a far left candidate — a risk that was rattling markets last week.”
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