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Article: Health Care I.T. Stocks Surge, but the Future is Uncertain.
- Article from:
- Health Data Management
- Article date:
- February 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Health care information technology stocks, as usual, ended the past year on a high note. But it remains to be seen if the sector can separate itself from the pack this year.
The price of a marketbasket of 23 health care I.T. stocks tracked by New York-based Bear Stearns and Co. and Health Data Management soared 14.3% in the fourth quarter of 2004. That compares with a 14.9% jump in the NASDAQ National Market, the index that lists the majority of technology stocks. Other major stock indexes fared well during the quarter: the Russell 2000 index was up 14.4%, while the S&P 500 rose 8.8%. A Bear Stearns/Health Data Management index of broader I.T. stocks-including ...