Health Care Up Amid Cyclical Bias — Health Care Roundup
Provided by
Dow Jones
Health-care companies rose, but not by as much as the broad market, as traders rotated into more economically cyclical industry groups after strong jobs data.
U.S. employers added a seasonally adjusted 339,000 jobs in May and the prior two months' payrolls were revised up by nearly 100,000, the Labor Department said.
Health insurers that rely on government health plans rose sharply after the Senate passed a compromise bill that will raise the debt ceiling.
Elevance and Cigna Group were among the gainers. EHealth rallied after the private online health insurance marketplace reported insider purchases of its stock.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 02, 2023 17:53 ET (21:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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