Medical stocks shine in weak 1990 market and the era
In 1990 health care stocks led gains as medical and biotechnology groups rose over 20 percent while banks and S Ls lagged. US Surgical jumped from 24 1/8 in January to just under 70, highlighting defensive health care strength amid an economic slump. Analysts warn 1991 remains uncertain for the sector.
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U.S. Surgical
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U S Surgical Surges as Health Care Stock Pick of 1990
A standout health care stock in 1990 is U S Surgical, maker of surgical stapling products, whose price rose from 24 1/8 in January to just under 70 at a recent peak, signaling strong gains for the year.
MENTIONED IN THIS ARTICLE
U.S. Surgical
New York Stock Exchange At Week's End
New York Week end trading highlights the New York Stock Exchange with selected issues. Sales data show daily highs and lows, last traded prices and changes.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NEW York
Economy and Gulf Tension Hold Markets Steady
U.S. stocks drifted with little change as investors weighed economic signals and the Persian Gulf situation. Dow Jones fell to 2,566.09 while volume eased to about 140.8 million on the NYSE with 790 advancers and 698 decliners, led by declines in Merck, Bristol-Myers Squibb, and General Electric. The Labor Department reported unemployment at 6.1 percent in December, with a smaller-than-expected 76,000 drop in nonfarm payrolls, and factory orders fell 5.9 percent in November, the largest drop since 1958. The session also faced trading disruptions in New York City.
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James Baker
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