the State Street Health Care Select Sector SPDR ETF
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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.