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U.S. equities advance on healthcare inflow
The U.S. stock markets, including the S&P 500, closed higher as investors reduced their investments in technology and digital culture stocks, shifting instead toward defensive sectors such as healthcare and consumer goods. The S&P 500 rose by 0.33% to close at 7,744.06 points, while the Dow Jones increased by 1.08% to reach 52,177.69 points. The Nasdaq experienced a slight gain of 0.08%, closing at 26,713.03 points. Shares of companies like Eli Lilly and UnitedHealth led the gains, each climbing more than 3%. Additionally, Walmart's stock rose by 1.4% following an upgrade to its credit rating. Major technology firms underperformed; Nvidia's stock fell by 1.8%, and Dell Technologies declined by 6.9%, due to concerns over rising debt and interest rates. Meanwhile, 10-year Treasury bond yields continued to increase amid expectations of a Federal Reserve interest rate hike in December.
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