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Wall Street Week Ahead - Investors look beyond drug makers as hunt for Covid-19 treatment heats up

A nearly empty trading floor is seen as preparations are made for the return to trading at the
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NEW YORK (Reuters) - Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.A record 48% of fund managers are overweight healthcare stocks, a BofA survey showed, and the S&P 500 healthcare sector is up nearly 34% since its March low. Hopes for a treatment have also sparked outsize rallies in the..
Date Published: May 23, 2020
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