PRESS ROOM
Healthcare and financials are driving the NASDAQ
Thursday 04th February '21
US equities have bounced back in the first week of February after retreating towards the end of last month. Health care and financials are the top-performing sectors in the NASDAQ Composite Index so far this year. Cassava Sciences Inc – the top-performing stock in the healthcare sector this year – has experienced a sharp surge in its share price in recent days following the announcement of encouraging data for its drug candidate for the treatment of Alzheimer's disease. The financial sector, especially banks, has been buoyed since November by vaccine news and the prospect of an economic upswing and, in turn, better credit conditions.