Daily ETF Roundup: Health Care Stocks Push Indexes To New Highs

Both the S&P 500 and Dow Jones Industrial Average posted record high closes today, as investors digested the latest reports from the U.S. and Europe. Bolstering equities, health care stocks led today’s rally after the Centers for Medicare and Medicaid Services released a higher-than-expected final estimated payment growth rate for insurers, meaning that companies running Medicare Advantage plans will get significantly more money than expected. Meanwhile, investors cheered after Cyprus’ government received an additional year to meet its budget targets [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Health Care Stocks Push Indexes To New Highs Following today’s Centers for Medicare and Medicaid Services report, all three major U.S. equity index rallied to close in positive territory. The Dow Jones Industrial Average ETF gained 0.63%, as its underlying index hit a fresh intraday high of 14,684.49. The S&P 500 ETF rose 0.49%, while the tech-heavy Nasdaq ETF jumped 0.79%. In Europe, markets were broadly higher after news [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Blue-chips Post Another Record Close Daily ETF Roundup: Stocks Rally On Positive Economic Data Daily ETF Roundup: Stocks Close Lower On First Day Of Q2 Daily ETF Roundup: Stocks Close Out Quarter On High Note Daily ETF Roundup: Stocks Lower On European Concerns