Stocks opened a bit lower this morning (Dow -23 pts; SPX -.2%). The healthcare sector is down nearly 2% today and 5.5% so far this month. The direct cause is fear over the rise of socialism in Congress. See yesterday’s update for more details. The real estate sector is down 1% today and 2.7% this month after having climbed over 17% during the first quarter. Semiconductor stocks are up over 1% after Apple (AAPL) and Qualcomm (QCOM) finally settled their legal battle over intellectual property. The energy sector is up about .5% after a report showing lower than expected crude stockpiles in the US. Commodities are mixed. Copper is now up 14% this year and a good portion of that has to do with China stimulating its economy. WTI crude is flat on the day at $64/barrel. Bonds are trading pretty flat as well. The 10-year US Treasury yield is hovering around 2.59%.
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