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home / news releases / XLV - Reviving A Comatose Economy


XLV - Reviving A Comatose Economy

Market Pulse

This week all the major indexes made new lows. The market continues to be under stress and this is not the final low. Biotechs were one of the few industry groups that didn't make a new low this week. A respite from non-stop selling will come from the economic stimulus package which can serve as a floor for stocks at least in the near-term. The extreme oversold levels can boost the rally, although a meaningful rally may be seen as an opportunity to liquidate as well.

Source: compiled by PrudentBiotech.com

A Comatose Economy

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Stock Information

Company Name: SPDR Select Sector Fund - Health Care
Stock Symbol: XLV
Market: NYSE

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