Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Trading at Noon: Eyeing health care as debate continues

Tuesday, March 27, 2012 - 03:16

Mar. 27 - Investors watch the health care sector as the Supreme Court debates President Obama's law.

▲ Hide Transcript

View Transcript

Here's your mid day trading update well -- after hitting an eight month high today of rally in equities may be one reason consumers are still feeling confident these days I high gas prices. The consummate conference board's report on consumer confidence pulling back. Just slightly in March after rising sharply in February consumers' assessment of current conditions continue to improve and hit -- high level three years. And for the first time since July 2011 the S&P case Shiller home price index and fall. Pump prices unchanged from January suggesting that double dip in home prices mean. As for US markets well we it's flat just a little bit after that Bernanke inspired rally yesterday. Remember Friday at the final trading day of the first quarter. -- compete on track for biggest quarterly gain. Since 2000 and pain. -- today the health care sector overall pick up a bit but we're watching shares of WellPoint UnitedHealth and Aetna and they are all. Down today at the Supreme Court use Obama's health care law. Analysts agree that eight partial ruling that strikes down just individual mandate would be disastrous for stocks of large insurers. But if the court gets rid of the entire legislation. But stocks which at least -- percent in the short term. Justice William Kennedy told lawyers that US government has the heavy burden to prove the -- journal reports online. Shares of hospital -- just HCA holdings and Tenet Healthcare are expected to drop steeply it a lot is thrown out as a whole. They could lose millions of insured customers. And now for more stocks to watch shares that it's armor right now living yep -- more than 7% after -- moment region -- company for five million dollars in cash. And shares an -- downside -- seven point 7%. For profit education company forecast declines in student involvement. The leverage party is over and unable market it's eating away according to him Bill Gross. -- bond king says investors might -- to inflation protected bonds -- dividend paying stocks. He doesn't see yield spiking but mildly rising credit spreads moving slightly lighter surveying the bond market ahead Deutsche Bank securities Peter -- Agrees with grants. My senses that bond yields over the next several years are going to be back going back up substantially if there were endorsed the scale recovery. Forget about 2% on the ten year treasury -- we're looking at 345%. To come. No matter what the market does anyone we'll tune into Fed Chairman Ben Bernanke who maintains. The Central Bank will act if needed. If you hang on every word of the bed sheets there's appointment viewing later today ABC -- promoting. And finally -- staple of scrap this -- looking sad and soccer moms everywhere Michaels Stores is planning an IPO. -- reported exclusively that Blackstone and Bain Capital which took the arts and crafts retailer private in 2006. I've hired JPMorgan and Goldman Sachs to take the company public. It could be one of the year's largest IPOs in the retail sector panic it's time for key jobs overall looking to exit deals made before the financial crisis. That's it for trading and I'm Jen Rogers this is writers.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Trading at Noon: Eyeing health care as debate continues

Tuesday, March 27, 2012 - 03:16