Healthcare stocks offer investors refuge in bruised market

wsj

3 min read . Updated: 08 Nov 2022, 05:34 PM IST Charley Grant, The Wall Street Journal

Healthcare stocks look less expensive to investors than the broader market. The sector is trading at 16.3 times its earnings over the past 12 months, a slight discount to the S&P 500’s 17.8 multiple (Photo: AP) — Healthcare stocks look less expensive to investors than the broader market. The sector is trading at 16.3 times its earnings over the past 12 months, a slight discount to the S&P 500’s 17.8 multiple (Photo: AP)

Sector index outperforms broader market by widest margin since 2000

Soaring interest rates and a shaky economic outlook have hit stock prices this year. Health stocks are holding up better than most.