Health care financial services shares surged over $5 in after-hours trading after the U.S. Supreme Court ruled that the health care law requires insurers to provide coverage to all Americans.
The health care industry is currently reeling from the Supreme Court ruling that the law requires it to provide health insurance to millions of Americans.
It has been in the midst of a year of turmoil and uncertainty for healthcare companies and insurers.
In the past month, the Federal Trade Commission has issued several investigations into the healthcare industry and insurers, including those related to fraud.
Health care stocks surged on the news that the Supreme court will hear the case, according to Morningstar.
The stock market has been trading near record highs recently.
In 2017, the S&P 500 was up more than 17 percent.