This is a great session with all eleven S&P sectors higher, perhaps the most intriguing being healthcare, which was universally acknowledged to be the number one issue in the midterm election.

Political pundits universally say there is a great chance the Trump administration and Democrats will work on ways to reel in the rate of drug price hikes.  But, the XLV (Healthcare) is up 2.54% led by:

• Anthem (ANTM)
• UnitedHealth (UNH)
• Intuitive Surgical (ISRG)
• Eli Lilly (LLY)
• AbbVie (ABBV)

The market also continues to seek value, as several names seem intriguing here, including IBM, AMD and GM.   Of course, the urge to want to make a lot of money fast and to get back some of those October losses is helping to fuel buying in the same names that led the nose-dive.

President Trump is holding another epic press conference, saying nice things about Nancy Pelosi, and the possibility of working together has added an extra leg to the rally.  If any of the major four equity indices closes higher by 1.25% or better, today will be considered as a follow-through day.

• The Dow is higher by 1.38%, 353 points, at 25,988
• The S&P 500 is higher by 1.53%, 42 points, at 2,798
• The Nasdaq is higher by 2.15%, 158 points, at 7,534
• The Russell 2000 is higher by 1.06%, 16 points, at 1,572

Breadth: Bullish

• NYSE advancers 2,176 to decliners 796; new 52-week highs 75 to new lows 42
• Nasdaq advancers 1,925 to decliners 1,030; new 52-week highs 55 to new lows 63