NEW YORK (TheStreet) -- Health insurers continued to rally Friday on indications that even if the U.S. Supreme Court struck down the Affordable Care Act (ACA), they wouldn't face long-term hitches.
But investors shouldn't be too quick to jump to conclusions from inferences to the justices' questioning from this week.
"People ended up now thinking that the whole thing would get struck down, ultimately because [the Supreme Court] says we're not going to go through 2,700 pages" of legislation, said a health care analyst, who spoke on background.
Health insurance stocks closed higher Friday along with the broader U.S. indices. UnitedHealth Group (UNH) was at $58.98, up 87 cents or 1.5%; Aetna (AET) climbed to $50.17, up 61 cents, or 1.2%; Cigna (CI) jumped to $49.26, up 29 cents, or 0.59%; Coventry (CVH) was at $35.57, up 97 cents, or 2.8%; WellPoint (WLP) rose to $73.81, up $2.19, or about 3.1%; and Humana (HUM) closed at $92.49, up 95 cents, or about 1%.
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