Biotech and Healthcare Stocks Hit New Highs

The market roared back today with healthcare and biotech the strongest sectors. The Healthcare Select SPDR ETF (XLV) was up  2.21% to $73.40. This is a 52 week high. The Euro rallied 1% to 1.057 and that helped large cap companies with revenues outside the US. The XBI SPDR Biotech ETF (XBI) also hit a new high at $232. XLV should be added to portfolios underweighted in healthcare.

Amgen (AMGN) and  Regeneron (REGN) soared on the potential of their PCSK9 inhibitor for cardiovascular disease.

Rayno Movers: Biopharmaceuticals

ABBV up 1.93%, AMGN up 5.69%, BIIB up 1.93%, CLVS up 4.87%, FBT up 2.35%, GILD up 1.7%, REGN up 5.2%, SGEN up 2.1%.

Rayno Movers : Diagnostics and Tools

CPHD up 3.15%, ILMN up 4.5%,  QGEN up 2,54%, SQNM up 3.34%, TMO up 4.36%.