Investing.com – The Dow racked up its second-biggest point gain on record Wednesday, driven by a surge in healthcare stocks as former Vice President Joe Biden's race for the Democratic presidential nomination gained traction following a surprisinly strong Super Tuesday performance.
With his campaign widely believed to be on the brink of collapse a few weeks ago, Biden won ten of the 14 states in which voters cast ballots on Super Tuesday, setting up a close race for the Democratic presidential nomination against Sen. Bernie Sanders.
Healthcare stocks surged as Biden's strong showing eased the prospect of a Sanders victory, which many fear would trigger major disruptions for the industry with a Medicare for All policy.
Stocks surged at the close after a tumultuous week on Wall Street. The Dow was up 1,173 points, and the S&P 500, Nasdaq, and Russell 2000 were all up more than 3% as well. https://t.co/wUtQpnqE16pic.twitter.com/5RnyOO7ylq— CNBC (@CNBC) March 4, 2020
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