Wall Street Rises on Cyprus Deal, Healthcare Industry News (HPQ, HTZ)

Stocks rose on Tuesday after Cyprus reached a bailout deal, still requiring ratification, in which it will receive a 10 billion Euro loan. Healthcare stocks saw strong gains after the government dropped plans to cut payments for private Medicare Advantage insurers. U.S. factory orders in February rose 3%, beating expectations, to restore some investor confidence after weak manufacturing data was released on Monday. Shares of Hewlett-Packard (HPQ) fell by nearly 6% after Goldman Sachs downgraded the stock, while Hertz Global Holdings (HTZ) rose 7.5% on strong earnings forecasting by the company.

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Published on Apr 2, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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