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Wall Street Ends Lower, But Health Stocks Rally

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10 years ago

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June 25, 2015

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Traders work on the floor of the New York Stock Exchange Wednesday, Oct. 29, 2014. Major stock indexes traded in a tight range in the early going as investors wait for word from the Federal Reserve and mull over a mixed batch of earnings results. (AP Photo/Richard Drew)

Traders work on the floor of the New York Stock Exchange Wednesday, Oct. 29, 2014. (AP Photo/Richard Drew)

(Reuters) – U.S. stocks ended a quiet session with modest losses on Thursday, but healthcare stocks rallied after the U.S. Supreme Court upheld tax subsidies key to President Barack Obama’s signature healthcare reform law.

Energy shares drove the day’s weakness, falling alongside crude oil prices, while uncertainty surrounding Greece also limited positive sentiment. Transport stocks .DJT, considered a proxy for economic activity, entered correction territory, closing 10.6 percent below a Dec. 29 closing high.

The S&P 500 healthcare index .SPXHC rose 0.5 percent after the court ruled that the 2010 Affordable Care Act, widely known as Obamacare, did not restrict the subsidies to states that establish their own online healthcare exchanges.

Hospital operators were among the biggest beneficiaries of the ruling, with investors relieved that the growing number of paying customers created by Obamacare would not disappear.

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Oakland Post: Week of June 4 – 10, 2025

The printed Weekly Edition of the Oakland Post: Week of June 4-10, 2025

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June 7, 2025

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Oakland Post: Week of May 28 – June 30, 2025

The printed Weekly Edition of the Oakland Post: Week of May 28 – June 3, 2025

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Oakland Post: Week of May 21 – 27, 2025

The printed Weekly Edition of the Oakland Post: Week of May 21 – 27, 2025

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May 25, 2025

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Oakland Unified School District’s Central Administrative Center and Board Room at the site of Cole School in West Oakland. Courtesy photo.

Oakland Unified School District’s Central Administrative Center and Board Room at the site of Cole School in West Oakland. Courtesy photo.

Activism3 weeks ago

After Two Decades, Oakland Unified Will Finally Regain Local Control

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Oakland Post: Week of May 14 – 20, 2025

The City of Oakland began sweeping their largest homeless encampment on E 12th St. Monday morning. Advocates claim that the city has not done its due diligence with providing ample resources or outreach for residents at the encampment. Photo by Magaly Muñoz.

The City of Oakland began sweeping their largest homeless encampment on E 12th St. Monday morning. Advocates claim that the city has not done its due diligence with providing ample resources or outreach for residents at the encampment. Photo by Magaly Muñoz.

Alameda County3 weeks ago

Oakland Begins Month-Long Closure on Largest Homeless Encampment

iStock.

iStock.

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New Oakland Moving Forward

The Valkyries came to Oakland City Hall with a “Hoopbus.” Present were (from left to right): City Councilmembers Noel Gallo, Rebecca Kaplan, Zac Unger and Rowena Brown; Oakland Mayor-elect Barbara Lee, Valkyries President Jess Smith, a Valkyries team representative and Deputy Mayor LaNiece Jones. Photo courtesy Rebecca Kaplan’s office.

The Valkyries came to Oakland City Hall with a “Hoopbus.” Present were (from left to right): City Councilmembers Noel Gallo, Rebecca Kaplan, Zac Unger and Rowena Brown; Oakland Mayor-elect Barbara Lee, Valkyries President Jess Smith, a Valkyries team representative and Deputy Mayor LaNiece Jones. Photo courtesy Rebecca Kaplan’s office.

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The Oakland Small Business Resiliency Fund was created by East Bay Community Foundation to support businesses in neighborhoods that have been historically impacted by disinvestment, violence and systemic inequities, particularly in Downtown Oakland, Eastlake, Fruitvale, and West Oakland. Photo courtesy of East Bay Community Foundation.

The Oakland Small Business Resiliency Fund was created by East Bay Community Foundation to support businesses in neighborhoods that have been historically impacted by disinvestment, violence and systemic inequities, particularly in Downtown Oakland, Eastlake, Fruitvale, and West Oakland. Photo courtesy of East Bay Community Foundation.

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iStock.

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Image courtesy The Richmond Standard.

Image courtesy The Richmond Standard.

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