Health Care Select Sector SPDR Fund

U.S. equities rallied as a ceasefire agreement between Israel and Iran lifted market sentiment. Tech stocks led the gains, with the Nasdaq 100 nearing record highs. Oil prices dropped 5% to $64 on easing geopolitical tensions, while safe-haven assets like gold fell.

Related tickers: AMZN, BKNG, CCL, COIN, DIA, IWM, LMT, NCLH, NOC, QQQ, RCL, RTX, SOXX, UBER, VOO, XLE, XLV.

Major U.S. health insurers, including UnitedHealth, CVS, and Elevance Health, have agreed to streamline the prior authorization process to connect patients to care faster and reduce administrative burden for providers. While the changes could increase patient utilization and potentially impact profits, the insurers acknowledge the need to improve the healthcare system.

Related tickers: UNH, CVS, ELV, XLV.