Financial News

Trump Victory Big For Biotech

Donald Trump’s harrowing, come-from-behind election-night victory in the U.S. presidential election a is fueling a market selloff around the world . But health-care stock indexes, of all things, are actually soaring, with the iShares Healthcare Index ( IYH ) and the Health care Select SPDR ETF ( XLV ) each up more than 2,.3% in morning market action. And drug makers are the big winners with the iShares Nasdaq Biotechnology ETF ( IBB ) jumping almost 7% today, followed by a 5.3% gain by the iShares U.S. Pharmaceutical ETF ( IHE ).
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