Equities Open Higher With Health Care Leading
02-Apr-13 09:50 ET
[BRIEFING.COM] The major averages are hovering near their early highs with the S&P 500 firmer by 0.5%.
The health care sector is the clear early leader after the Centers for Medicare and Medicaid Services announced a planned 2014 rate hike of 3.3%. UnitedHealth Group (UNH 63.15, +4.18) is higher by 7.1% and the broader SPDR Health Care Select Sector ETF (XLV 46.63, +0.56) is rising 1.2%.
On the downside, energy and materials trade in the red. The energy sector is the weakest performer as crude oil trades lower by 0.9% at $96.26.