Here are five things to know:
1. All of the S&P 500 sectors were down on Oct. 27 — the closing bell sounded before the FBI reported new evidence into Democratic Presidential Candidate Hillary Clinton’s email scandal — and healthcare was down the most, declining 3.9 percent. Overall, S&P 500 companies reported an average 2.2 percent drop.
2. The “prevailing wisdom,” according to the WSJ, is the Democrats will win the White House and Congress; the Democratic platform has historically been “unfriendly to drugmakers,” including support for the medical device excise tax.
3. Even though the new look at Ms. Clinton’s email is thought to help the Republicans, the healthcare sector didn’t benefit.
4. Healthcare stock weakness reflects investors looking to dispose of risky positions before the election, which has an uncertain outcome at this time.
5. Healthcare rallied for a time on Monday, increasing 2.4 percent, but was near the bottom again on Tuesday ahead of the election results.
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