Health care stocks sink after ACA court ruling

By John Mac, December 18, 2018

Health care stocks are contributing major U.S. indexes reduced in early trading on Wall Street after having a federal judge ruled the 2010 economical Care Act is unconstitutional.

Early Monday Hospital operators and insurers that would stand to loose if the law is weakened and took some of the reductions. HCA, the largest publicly traded healthcare facility operator, fell 3.8 percent and Centene, an insurer, dropped an 8.8 percentage.

The S&P 500 index dropped 21 points, or 0.8 percentage, to 2,578. After months of losses, the indicator is trading at its lowest degree of the year.
The Dow Jones Industrial Average lost 208 points, or 0.9%, to 23,893. The Nasdaq composite fell 56 points, or 0.8%, to 6,853