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No tech, no problem. Dow makes record and traders think these stocks can lead now
The flashiest group in the market took a step back Thursday as chip stocks dropped 1.5%, but U.S. stock market bulls didn't miss a beat. The Dow Jones Industrial Average closed at a fresh record following a 2% pop and the S&P 500 bounced 0.4% as 9 of 11 sectors advanced. Health-care stocks led gains and options traders followed suit, piling into the group as a handful of insurers and drugmakers pushed toward new highs.
Steelers legend Jerome Bettis calls Mike McCarthy a 'championship-caliber head coach'
For the first time since 2007, the Pittsburgh Steelers made a head coaching hire this offseason, bringing in Mike McCarthy, and team legend Jerome Bettis is excited about the move. Mike Tomlin stepped down after 19 years as the head coach, winning a Super Bowl and never having a losing season in his tenure, leaving big shoes to fill. Bettis said that he is excited for what McCarthy brings to the table.