Stock Market Update
01-Aug-25 11:30 ET
Health care sector sees modest rebound
Dow -643.78
at 43487.20,
Nasdaq -460.17
at 20660.90,
S&P -105.73
at 6233.66
[BRIEFING.COM] A steady, mechanical trade is unfolding as the major averages continue to trade near their lows.
The health care sector (+0.2%) has resurfaced in positive territory, joining the consumer staples sector (+0.9%) as the only sectors above their flatlines.
It is worth noting that the health care sector closed with a loss of 2.8% yesterday, which is relatively commensurate to the losses in the broader market today.
The sector is supported by strength in its top component, Eli Lilly (LLY 757.95, +17.88, +2.4%), which has benefitted from a report from The Washington Post that Medicare is considering covering weight loss drugs.
