Health Care Leading Broader Market
07-Jan-13 11:00 ET
[BRIEFING.COM] The S&P 500 is off by 0.4% as the index trades near its opening level.
The health care sector is the lone advancer as companies specializing in health care technology lead the space. Allscripts Healthcare (MDRX 9.59, +0.22) is rising by 2.4% after Avondale upgraded the stock to ‘Outperform.' Elsewhere, Quality Systems (QSII 17.94, +0.55) is firmer by 3.1%. Earlier, NextGen Healthcare Information Systems, which is a wholly owned subsidiary of QSII, announced it has entered into a strategic agreement with Medline Industries to expand its integrated solutions.
Also of note, Viropharma (VPHM 24.90, +1.14) is rising by 4.8% after the company issued full-year 2013 guidance in-line with the Capital IQ consensus estimate.