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Stocks Finish Higher boosted by Health Care Reform

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Mar 23, 2010.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. equity markets turned around after a weaker opening buoyed by healthcare stocks. Stocks were under pressure overnight from concerns over Greece and an interest rate hike by India. Shortly after the opening, the markets stabilized as long-term investors saw a buying opportunity following a two day set-back.

    The interest rate hike by India pressured stocks early. This action fueled speculation that a rate hike by China would be next, pressuring demand for higher risk assets. Fear over Greek financial issues flaring up again also pressured the Euro, making lower yielding currencies more attractive.

    The passing of the healthcare reform bill initially put pressure on the equity markets. Many traders felt the new law would increase the government deficit. This may be so over the long-run, but traders were more interested in the short-term benefits when they bought healthcare stocks following a lower opening.

    Read full article at full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

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