Wall Street closes at a record for the first time since end of January
- Stocks slip to session lows on news that Republican Senate leaders postponed a vote on replacing Obamacare until after the July 4 recess; Dow -0.3%, S&P -0.5%, Nasdaq -1.2%.
- Pres. Trump reportedly has invited all Republican senators to a White House meeting at 4 p.m. ET.
- Moderate Republican members such as Maine's Sen. Collins and Nevada's Sen. Heller are concerned about Medicaid cuts and the number of people that would be uninsured, while some conservatives believe cuts do not go far enough.
- Lawmakers return from their holiday recess on July 10.
- Related hospital stocks are higher: THC +2.8%, CYH +2.7%, UHS +2.3%, EVHC +1%, LPNT +0.7%.
- Other potential related insurance stocks: HCA, WCG, HUM, CNC, AET, MOH, CI, UNH, ANTM.
- ETFs: XLV, VHT, IYH, HQH, CURE, THQ, FHLC, FXH, RXL, RYH, RXD, SICK, LNGR, BTEC, JHMH, HCRF
- Now read: This Low-Cost, Low-Expense Healthcare ETF Could Be A Gem
Original article