Politicians Offer Hope Of Deal and Are Looking For Common Ground
Boehner puts revenue on the table passing off next move to DEMS for cuts. Reid says he will not wait till end of the year to cut a deal.
S&P goes from down 10 to up 4. NASDAQ up 7. AAPL rallies from low of $505.75 to $523.
But the dramatic moves have been in biotech (IBB up 2%) prior to today’s reversal:
Rayno Life Science Movers:
Alexion (ALXN) up 3%
Biogen (BIIB) up 2.4%
Cepheid (CPHD) up 6%
Illumina (ILMN) up 1.93%
Regeneron (REGN) up 10.4%
But with this free falling market over the past month,intraday moves are suspect and we need to see where we are toward the close in 4 hours.