Fueled by biotechnology shares, the S&P 500 healthcare sector surpassed all other major groups this month, and positive gains in the sector are expected to continue, according to Reuters.
Healthcare stocks have been on a roll this month, topping all other major groups again on Wednesday. Although Republican efforts to repeal and replace the ACA have created uncertainty for healthcare investors, stocks in the sector are expected to continue to rally after Senate Republicans release their draft healthcare bill on Thursday.
"Just getting to the end of the Senate process, whichever way it goes, is positive," Jeff Jonas, a portfolio manager with Gabelli Funds, told Reuters.
The S&P 500 healthcare sector has risen 15 percent this year, topping the overall S&P 500's 9 percent growth, according to Reuters.
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