|Bid||243.11 x 3000|
|Ask||243.15 x 6000|
|Day's Range||242.64 - 243.53|
|52 Week Range||198.65 - 245.01|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
As of the past week, the health care sector trackers have finally broken back above those 2014 ObamaCare-optimism-driven highs.
Stocks finished went nowhere as weakness in financials and consumer staples was overcome by strength in health care following the release of the Senate health-care plan. The Health Care Select Sector SPDR ETF (XLV) rose 1% to $80.59, while the Financials Select Sector SPDR ETF (XLF) fell 0.6% to $23.98, and the Consumer Staples Select Sector SPDR ETF (XLP) fell 0.7% to $55.47. Leerink's Ana Gupte explains why the Senate's health-care plan is good news for the sector: Specifically, stabilization of the Exchanges through substantial funding toward reinsurance, and risk stabilization is a direct positive for the health insurance stocks and indirectly for the Facilities names that have enjoyed reduction in Bad Debt from coverage expansion.
On Wednesday, June 14, 2017, the Federal Reserve raised its key interest rate by 25 basis points, bringing interest rates to the 1%–1.25% range.