Nasdaq Holds Firm Despite Hawkish Fed Statement; Steris, Stryker, Merit Medical Systems In Focus
Jun 14, 2023
17:22
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Stocks recovered off lows even after the Federal Reserve raised its year-end fed funds rate forecast to 5.6%. Small caps lagged, but buyers lifted the Nasdaq and S&P 500 well off lows by the close. UnitedHealth Group weighed on the Dow, but bad news from the health insurer was good news for healthcare stocks like Steris, Stryker and Merit Medical Systems.
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