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Healthcare Stocks Weigh Averages as Banks Deliver Gains

US stocks saw mixed results Thursday as a combination of the uncertainty surrounding the healthcare debate weighed on overall performance of the sector, and a downgrade of Biogen by Morgan Stanley and Leerink sent the stock tanking 5.1%. Several different sectors dropped into the red throughout the day, with healthcare leading the ray, touching 1% in the red at different times.

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Economic Data Points to Improved Demand

Retail sales in January here in the US beat the expectations of most economists in January as households bought electronics and a range of other goods, showing domestic demand has remained steady and should boost overall economic growth throughout the first months of the year.

Janet Yellen

Yellen Says Fed on Course to Raise Interest Rates

Federal Reserve Chair, Janet Yellen, announced on Tuesday to lawmakers in Congress that she believes the American economy is on track for interest rates to be raised steadily throughout year, as delays could cause unintended consequences.

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