Big Super Tuesday for Sanders May Spell Trouble for Health Care Companies
- Wall Street tempers view for health firms ahead of votes
- Sanders win ‘could mean the bottom is anywhere but near’
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The carnage that has wiped out more than $420 billion in value from the closely watched S&P 500 Health Care Index over the past six sessions may see another bout of volatility on Tuesday as Wall Street braces for a key milestone on the path to the U.S. presidential election.
Tomorrow’s Super Tuesday, a day where Democrats in 14 states vote in the single biggest day of balloting, could cement Bernie Sanders’s position as the front-runner for the nomination. The Vermont senator’s potential ascendancy is something Wall Street analysts warn could bring further pain to health companies across the sector, from drug developers to hospital operators.