News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • RT @BrendanFaganFx: 77 counterparties take $1.224 trillion at Fed's fixed-rate reverse repo $USD $DXY
  • Federal Reserve reports reverse repo facility usages of a record $1.224 tln among 77 counterpartiess
  • US Vice President Kamala Harris is expected to meet with UK Prime Minister Boris Johnson on Tuesday
  • Global 10-Year Government Bond Yields: US - 1.1296 (-6.6bps) UK - 0.792 (-5.2) CA - 1.212 (-6.8) GE - 0.322 (-4.0) FR - 0.02 (-3.6) JP - 0.05 (+1.0) AU - 1.250 (-8.0) CN - 2.893 (-0.0)
  • The South African rand has continued its depreciation against the U.S. dollar this week after the Evergrande default probability remains. Get your $USDZAR market update from @WVenketas here:
  • What is more concerning than just US equities down or global equities being down is that 'risk' across the board is under serious pressure. The more intense and persistent this trend, the greater the risk it turns self-sustaining
  • It's rare event where the buy-and-hold, long volatility crowd do a victory lap and say their formal 'I knew it'. The $VXX short-term volatility ETF is up sharply on heavy volume. One of my 'early warning' signals
  • Coinbase will drop its plans to launch its crypto lending program that was under regulatory scrutiny
  • $SPX Daily- Levels Discussed in today's Webinar. . .
  • Canadian Dollar Price Forecast: USD/CAD Spikes, Pulls Back - Loonie Levels $USDCAD
Dow Jones, S&P 500 Forecast: Healthcare Stocks Pop After Super Tuesday

Dow Jones, S&P 500 Forecast: Healthcare Stocks Pop After Super Tuesday

Peter Hanks, Strategist

Dow Jones, S&P 500 Price Outlook:

  • Stock volatility looks set to continue after the Dow Jones posted a rare string of performances
  • Still, the results of Super Tuesday likely helped to stem the bleeding in the healthcare sector
  • Notable inflows into the XLV Healthcare ETF suggest investors have been eager to gain exposure despite widespread equity losses

Dow Jones, S&P 500 Forecast: Healthcare Stocks Pop After Super Tuesday

The Dow Jones spiraled into another weekly loss on Friday as coronavirus fears continue to trample risk appetite. Despite an emergency Fed rate cut on Tuesday and robust non-farm payroll data early in the Friday session, investors were seemingly unimpressed as stocks traded lower alongside gold, crude oil and bond yields. The simultaneous decline highlights a tangible flight to safety which could look to prolong equity volatility and erode stock market gains.

As a result, only two sectors closed higher for the week, real estate and healthcare. While both are relatively defensive sectors to begin with, healthcare likely enjoyed a boost from the results of Super Tuesday in the United States where Joe Biden edged out Bernie Sanders while also spurring Michael Bloomberg and Elizabeth Warren to end their Presidential bids. The resultant odds to win the Democratic nomination shifted in favor of Joe Biden and thus the probability of significant healthcare reform was reduced.

healthcare xlv etf price chart

As other stocks bled lower, United Healthcare (UNH) gapped more than 10% higher while other members of the sector like Abbott Laboratories (ABT) enjoyed strong performances as well. In turn, the XLV Healthcare ETF recorded a series of robust inflows – even as the broader S&P 500 crumbled.

Healthcare Outperforms Broader Market as Airlines Falter

airline XAL etf daily price chart

XLV Healthcare ETF/S&P 500 in blue, XAL Airliner ETF/S&P 500 in orange. Created with TradingView

That being said, it is important to note the shifting political landscape is not the sole factor driving stocks. Elsewhere, the performance of airline stocks relative to the S&P 500 and the performance of healthcare stocks relative to the S&P 500 have displayed a relationship akin to magnetic repulsion.

To be sure, price action suggests investor focus remains focused on the coronavirus and the outperformance of healthcare stocks is a tangential factor, but one that could continue in the weeks ahead as investors slowly reconsider the fundamental outlook of the sector. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis on the stock market.

--Written by Peter Hanks, Junior Analyst for

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.